Which of the Following Is NOT a Key Issue in Controlling

question 78

Multiple Choice

Which of the following is NOT a key issue in controlling and managing receivables?

• A) Separate cash-handling, credit, and accounting duties to keep employees from stealing cash collected from customers.
• B) Extend credit only to customers who are most likely to pay.
• C) Pursue collection from customers to maximize cash flow.
• D) Separate the responsibility for custody and protection of inventory assets from the accounting for inventory assets.

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Definitions:

Spatial Organization

A method of structuring information based on physical space or geography, often used in descriptions or narratives.

Cause-and-effect Organization

A method of structuring written or spoken content that outlines reasons and their consequential outcomes.

Chronological Organization

An arrangement of events, activities, or information in the order of their occurrence in time.

Sequential Order

An arrangement of items or events in a series following their sequence in time, order, or logic.