A Key to Strong Control Over Petty Cash Is to Ensure

question 93

True/False

A key to strong control over petty cash is to ensure that several persons serve as custodian at one time.

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Definitions:

Elastic Demand

A state in which the quantity demanded of a product is highly responsive to changes in its price.

Accountant Wages

The compensation, including salary and benefits, paid to accountants for their professional services.

Demand Shift

A change in the quantity demanded at every price point, caused by factors other than the price of the good or service.