For Good Internal Controls Over Cash,all Payments Should Be Made

question 71

True/False

For good internal controls over cash,all payments should be made from the petty cash,except for very large payments.

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Definitions:

Duplication Of Selling

The strategy of selling the same product or service multiple times or through various channels, often to maximize profit or market penetration.

Consultative Selling

A sales approach emphasizing the identification and addressing of customer needs and problems, establishing a consultative relationship rather than making a direct sale.

Key Account Management

The practice of using team selling to focus on important customers so as to build mutually beneficial, long-term, cooperative relationships.

Technical Personnel

denotes individuals who possess specialized skills, knowledge, and expertise in technological areas.