Which of the Following Is Not an Internal Control Activity

question 158

Multiple Choice

Which of the following is not an internal control activity for cash?

• A) The number of persons who have access to cash should be limited.
• B) All cash receipts should be recorded promptly.
• C) The functions of record keeping and maintaining custody of cash should be combined.
• D) Surprise audits of cash on hand should be made occasionally.

Recognize the significance of the Timmons Model in understanding the entrepreneurial process.

Learn methods of resource acquisition specific to social entrepreneurship.

Differentiate between traditional ventures and social purpose ventures in terms of market impact.

Comprehend the role of venture philanthropy in supporting nonprofit organizations.

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Definitions:

Marketing Efforts

Activities and strategies employed by companies to promote and sell their products or services to target customers.

Patronage

The support or regular business given to a store, restaurant, or public establishment by customers.

Light Users

Consumers who use a product or service infrequently and in lower quantities compared to heavy users, often targeted differently in marketing strategies.