Which of the Following Is an Appropriate Internal Control Activity

question 117

Multiple Choice

Which of the following is an appropriate internal control activity for cash?

• A)Recordkeeping and custodianship over cash should be performed by the same person.
• B)The amount of cash on hand should be kept to a minimum.
• C)Banking facilities should be used as little as possible.
• D)All payments should be made with currency,not checks.

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Definitions:

Effective Leadership Outcomes

The tangible and intangible results achieved through the application of successful leadership practices, including increased productivity, improved morale, and the attainment of set goals.

Technical Ability

The skill set or proficiency in specific tasks or operations, often related to technology, that is necessary for effective job performance.

Work Environment

The setting, conditions, and culture in which an individual works, including physical space, social interactions, and organizational policies.

Skills Approach

is a perspective on leadership that emphasizes the importance of developing specific skills and competencies to be effective in leadership roles.