Which of the Following Would NOT Represent Good Controls Over

question 117

Multiple Choice

Which of the following would NOT represent good controls over cash disbursements?

• A)Periodically check amounts shown in the debit card and credit card statements against purchase receipts.
• B)The employee verifying the accuracy of the debit card and credit card statements should not also be the employee responsible for actual purchases.
• C)Set maximum purchase limits on debit cards and credit cards.
• D)Employees responsible for making cash disbursements should also be in charge of cash receipts.

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Definitions:

Teenagers

Young people whose age falls within the range from 13 to 19 years.

Labor-Force Participation

The fraction of the population of working age that is engaged in employment or in the search for a job.

Prime Working Age

The age range typically considered most productive and desirable for employment, often defined as 25 to 64 years.

Labor-Force Participation Rate

The percentage of the adult population that is in the labor force