All of the Following Are Necessary Components of Internal Control

question 68

Multiple Choice

All of the following are necessary components of internal control over cash except

• A)a petty cash system
• B)a cash reserve
• C)a bank reconciliation
• D)the daily deposit of all receipts in the company's bank account

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Definitions:

Multiple Baselines

A research design used in behavioral analysis that involves comparing changes in behavior across different settings, times, or subjects.

Artificial Consequences

These are outcomes or sanctions that are deliberately created or imposed to modify behavior, rather than naturally occurring as a result of actions.

Naturally Occurring

An event, substance, or situation that exists or happens without human intervention.

Problem-solving Process

A systematic approach to addressing and finding solutions for complex problems, involving identifying the problem, generating alternatives, and implementing solutions.