Which of the Following Transactions Is Least Likely to Require

question 65

Multiple Choice

Which of the following transactions is least likely to require the entry of a specific authorization code?

• A) Weekly payroll totaling $10,000
• B) Cash disbursement for $1,000
• C) $2,000 write-down of obsolete inventory
• D) $500 credit sale to a new customer

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Definitions:

American Law Institute (ALI) Rule

A standard for determining legal insanity, emphasizing the inability to understand the wrongfulness of an act or to act in a lawful manner.

M'Naghten Rule

A legal principle stating that a person cannot be held responsible for a crime if they were unaware of what they were doing or did not know it was wrong due to a mental disorder.

Durham Rule

A legal standard used to determine criminal liability, stating a defendant is not responsible if an unlawful act is the product of mental disease or defect.

Antisocial Conduct

Behavior that is hostile, aggressive, or damaging to societal relationships and rules.