When a Company Receives Cash by Mail, the Bank Deposit

question 5

Multiple Choice

When a company receives cash by mail, the bank deposit for the cash receipts should be made by the:

• A)mail room clerk.
• B)certified public accountant.
• C)controller.
• D)treasurer.

---

Definitions:

Work Quality

The degree to which a job or task is performed with excellence and meets specified standards.

Classical Management

A theory of management that focuses on the efficiency, productivity, and output of workers, and organizational structure, rooted in scientific management and bureaucratic approaches.

Bureaucratic Organization

A structured approach to administration and management, characterized by formal procedures, hierarchy, and a clear division of labor.

Productive

Being productive means achieving or producing a significant amount or result, maximizing output from given inputs or efforts.