Which of the Following Is Not an Internal Control Activity

question 43

Multiple Choice

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

• A) Surprise audits of cash on hand should be made occasionally.
• B) The number of persons who have access to cash should be limited.
• C) The functions of recordkeeping and keeping custody of cash should be combined.
• D) All cash receipts should be recorded promptly.

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Definitions:

Quantity of Labor Demanded

The total amount of hours worked that employers are willing to hire at a given wage rate.

Demand for Labor

The employers' need for workers, which varies based on factors like economic conditions, wages, and the skill level required for the jobs.

Wage Rate

The amount of compensation paid per unit of time or piece of work for employed services.

Demand Curve for Labor

A graphical representation showing the relationship between the wage rate and the quantity of labor that employers are willing to hire.