Which of the Following Is NOT a Significant Feature of a System

question 28

Multiple Choice

Which of the following is NOT a significant feature of a system of internal control over cash?

• A) More than one person opens mail.
• B) The person who does bank reconciliations should not be the cashier.
• C) The staff member responsible for approving invoices for payment should sign cheques.
• D) Bank reconciliation statements are prepared at regular intervals.

Identify the influence of cognitive appraisals on emotional responses.

Identify and understand the mechanisms and purposes of various credit policies and terms.

Understand the impact of credit policy changes on accounts receivable and sales volume.

Calculate break-even points for changes in credit policy.