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:

Categorization

An adaptive mental process in which objects are grouped into conceptual categories, allowing for organized storage of information in memory, efficient retrieval of that information, and the capacity to respond with familiarity to new stimuli from a common class.

Information Processing

The means by which individuals perceive, analyze, manipulate, store, and recall information.

Working Memory

A mental system tasked with briefly maintaining data for processing.

Storage

The process or method by which information, data, or goods are kept for future use or retrieval.