Which of the Following Is Not an Internal Control Activity

question 142

Multiple Choice

Which of the following is not an internal control activity for cash?

• A)The amount of cash on hand should be kept to a minimum.
• B)Banking facilities should be used as much as possible.
• C)Employees who have access to cash should be bonded.
• D)All payments should be made with currency,not checks.

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Definitions:

Executive Agency

A part of the government under the executive branch, responsible for enforcing laws and regulations within specific areas.

Iron Triangle

A term describing the policy-making relationship among the congressional committees, the bureaucracy, and interest groups.

Lobbying

The act of attempting to influence the decisions of legislators and officials in the government, often by special interest groups or lobbyists representing business, labor, or other entities.

Adverse Legislation

Legislation that is considered unfavorable or detrimental to the interests of a specific group or the public.