Which of the Following Is NOT a Reason Why Paying

question 250

Multiple Choice

Which of the following is NOT a reason why paying by check is an important internal control?

• A) The check provides a record of the payment.
• B) The check must be signed by an authorized official.
• C) Before signing the check, the purchasing agent reviews the invoice or other evidence supporting the payment.
• D) All of the above statements are correct.

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Definitions:

Disjoint

Referring to sets that have no elements in common; also used to describe events that cannot occur at the same time.

Proportion

The fraction of times an event occurs relative to the total number of trials or instances.

M&M Candy

A brand of colorful, button-shaped chocolates with a letter "m" printed on them, encased in a sugar shell.

Drawn

A term used to describe an outcome or result that ends in a tie or no clear winner, or the process of extracting or pulling something.