A Company Has a Policy That All Checks Over $5,000

question 50

Multiple Choice

A company has a policy that all checks over $5,000 need to have the signature of the owner in addition to the signature of the bookkeeper.This is an example of:

• A)limited access.
• B)proper approvals.
• C)adequate records.
• D)encryption.

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Definitions:

Fast Mode

A rapid operation or processing speed in a system, aiming to reduce time without compromising efficiency.

Zygomatic Arch

A bone that forms the prominence of the cheek; it acts as the bridge between the zygomatic bone on the side of the face and the temporal bone of the skull.

Mastoid Process

A bony prominence located behind the human ear, part of the temporal bone, and involved in the attachment of muscles.

Coronoid Process

The coronoid process is a triangular eminence projecting from the upper and frontal part of the ulna bone in the forearm, serving as an attachment for muscle.