At Cadmia Services,the Cashier Collects Checks and Cash from Customers,and

question 145

Multiple Choice

At Cadmia Services,the cashier collects checks and cash from customers,and the junior accountant records the transactions in the journal.The controller approves the journal entries and bank reconciliations.The treasurer signs checks and approves contracts.
Which internal control procedure is exemplified in the above situation?

• A)assignment of responsibilities
• B)competent,reliable,and ethical personnel
• C)separation of duties
• D)documents

Identify the types of contracts that require a written form under the Statute of Frauds.

Explain the various types of damages that can be awarded for breach of contract and the principles behind them.

Comprehend the federal E-SIGN Act and its implications for online contracts.

Outline the roles and tasks performed by paralegals in contract law.

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Definitions:

Errors

Differences between observed values and the true values in data collection, analysis, or estimation.

Defects

Imperfections or faults in a product or process that deviate from desired specifications or standards.

Population

The entire pool from which a statistical sample is drawn, often referring to a total set of observations that can be analyzed.

Sample

A subset of individuals, items, or data taken from a larger population, utilized for the purpose of analysis and inference.