The Use of a Separate Payroll Bank Account Is Not

question 142

True/False

The use of a separate payroll bank account is not an advantageous control, because it creates more complexity in reconciliation functions for a company and invites theft.

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Definitions:

Production Possibilities

Refers to the various combinations of goods and services an economy can produce, given its available resources and technology.

Capital Goods

Durable goods that are used in the production of other goods or services, such as machinery and equipment.

Consumer Goods

Products that are purchased for consumption by the average consumer, as opposed to goods used in the production of other products.

Production Alternative D

A hypothetical option in a decision-making process for producing goods or services, often characterized by differences in technology, labor, or resources.