One Way the Risk of Not Collecting Receivables Can Be

question 36

Multiple Choice

One way the risk of not collecting receivables can be managed is:

• A)have all customers pay by check.
• B)separate cash-handling duties from record-keeping duties.
• C)separate cash-handling from the mailroom.
• D)have an imprest petty cash fund.

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Definitions:

Ballots

Physical or electronic means by which voters cast their votes in an election, often containing choices for candidates and proposals.

Candidates

Individuals who seek to be elected or appointed to a public office or position within an organization, typically representing a political party or a specific agenda.

Voting Rights Act

A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting enacted in 1965.

Discriminated

Treated differently or unfairly based on characteristics like race, gender, or religion.