Payments by Check Is an Important Internal Control for All

question 13

Multiple Choice

Payments by check is an important internal control for all of the following reasons EXCEPT for:

• A) the checks provided a record of the payment.
• B) the check must be signed by an authorized official.
• C) all payments are made via a lock-box system.
• D) before signing the check, the authorized official should study the evidence supporting the payment.

Explore the impact of technological advancements on industry and productivity.

Identify social trends of the 1950s including marriage, family, and lifestyle.

Understand the concepts and purposes of flat organization structures and their preferred developmental methods.

Recognize the downsides and challenges associated with employee rotations.

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To be freed or excused from a particular requirement or obligation, often within legal, tax, or regulatory contexts.

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