Which of the Following Would NOT Represent Good Controls Over

question 69

Multiple Choice

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

• A)Make all disbursements,other than very small ones,by check,debit card,or credit card.
• B)Require only one signature for checks,especially larger ones.
• C)Authorize all expenditures before purchase and verify the accuracy of the purchase itself.
• D)The employee who authorizes payment should not also be the employee who prepares the check.

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Definitions:

Responsive Supply Chain

A supply chain structured to quickly respond to market changes and customer demands.

Put-away

The process of moving goods from the receiving area to their designated storage location within a warehouse or distribution center.

Logistics

the process of planning, implementing, and controlling the efficient and effective forward and reverse flow and storage of goods, services, and related information from point of origin to point of consumption.

Supply Chain Management

The active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage, encompassing everything from production to product delivery.