Which of the Following Is NOT a Key Issue in Controlling

question 58

Multiple Choice

Which of the following is NOT a key issue in controlling and managing receivables?

• A)Extend credit only to customers who are most likely to pay.
• B)Separate the responsibility for custody and protection of inventory assets from the accounting for inventory assets.
• C)Separate cash-handling,credit and accounting duties to keep employees from stealing cash collected from customers.
• D)Pursue collection from customers to maximise cash flow.

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Definitions:

Reformation

A religious movement in the 16th century that led to the establishment of Protestantism and significant changes in the practices and beliefs of the Catholic Church.

Commercial Revolution

A period of European economic expansion, colonialism, and mercantilism from the 16th to the 18th century, which changed the world's trade networks.

Imperialism

A policy or practice by which a country extends its power and dominion over other nations or territories through colonization, military conquest, or economic domination.

Usury

is the practice of charging excessively high interest rates on loans, which has historically been considered morally reprehensible by many societies.