Which of the Following Is Not an Internal Control Activity

question 23

Multiple Choice

Which of the following is not an internal control activity for cash?

• A) Employees who have access to cash should be bonded.
• B) Recordkeeping and physical custody of cash should be performed by the same person.
• C) The amount of cash on hand should be kept to a minimum.
• D) Banking facilities should be used as much as possible.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Unfavourable Variance

A financial condition where actual costs are higher than planned or budgeted costs.

Overtime Labour

Overtime labor refers to the extra hours worked by employees beyond their regular working hours, often compensated at a higher pay rate.

Direct Material Quantity Variance

The difference between the budgeted amount of materials needed for production and the actual amount used, expressed in cost or quantity.

Standard Price

The predetermined cost that a company expects to pay for materials, labor, and other inputs, used as a benchmark for variance analysis.