Which of the Following Is a Weak Internal Control Over

question 103

Multiple Choice

Which of the following is a weak internal control over cash collections from receivables?

• A) The credit department should have no access to cash.
• B) A credit department should evaluate customers' credit applications to determine whether they meet the company's approval standards.
• C) A company should have written approval standards for processing customers' credit applications.
• D) In order to avoid losing sales, all customers' credit applications should be approved.

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Definitions:

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A statistical technique that combines the results of multiple studies to derive a more comprehensive understanding of a particular research question.

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The Survey

is a research method used to collect data from a predefined group of respondents to gather information and insights on various topics.