Which Statement Is FALSE

question 128

Multiple Choice

Which statement is FALSE?

• A)The bookkeeper should not handle incoming checks from customers.
• B)Cashiers should not have access to the accounting records.
• C)The treasurer's department should be in charge of cash handling as well as signing and approving checks.
• D)The accounting department should be in charge of record keeping and depositing customers' checks.

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Definitions:

Planned Performance Standard

Predefined benchmarks or expectations against which employee performance is measured, often used in performance appraisals.

Merit Pay

A pay increase given to employees based on their performance, usually assessed through performance evaluations, to incentivize productivity and excellence.

Employee Performance Appraisals

A periodic review and evaluation of an individual's job performance and productivity in relation to certain pre-established criteria and objectives.

Incentive Plans

Compensation strategies designed to motivate and reward employees for achieving specific performance goals or business outcomes.