Payment by Check Is an Important Internal Control Since

question 149

Multiple Choice

Payment by check is an important internal control since:

• A)the check provides a record of the payment.
• B)the check must be signed by an authorized official who should study the evidence supporting the payment.
• C)all checks must be approved by the bank's internal audit department before they are paid.
• D)both A and B are true.

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Definitions:

Skinner

B.F. Skinner was an American psychologist and behaviorist who developed the theory of operant conditioning, focusing on the consequences of behaviors.

Freud

Sigmund Freud, Austrian neurologist and founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Falsifiable

A characteristic of a statement, hypothesis, or theory that denotes it can be proven false by observation or experimentation.

Heuristic

A method or approach that enables a person to discover or learn something for themselves, often using experiences or observations rather than rigid rules.