Which One of the Following Statements Is True

question 42

Multiple Choice

Which one of the following statements is true?

• A)Sound internal control practice dictates that disbursements should be made by check.
• B)Good cash management practice dictates that large cash balances should be maintained.
• C)The person handling cash should also prepare the bank reconciliation.
• D)Petty cash can be substituted for a checking account to expedite the payment of all disbursements.

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Definitions:

Nature Vs. Nurture

The debate concerning the relative importance of an individual's innate qualities (nature) versus personal experiences (nurture) in determining or causing individual differences in physical and behavioral traits.

Negative

A term indicating the absence of a property or condition, often used in contrast to its presence.

Argue

To present reasons for or against something in a discussion or debate.

Contemporary Psychology

The study of behavior and mental processes using modern theories and methodologies.