The Use of an Imprest Payroll Account Prevents Losses from Payment

question 56

True/False

The use of an imprest payroll account prevents losses from payment of unauthorized payroll to no more than the balance in the imprest account.

---

Definitions:

Loyalty

A strong feeling of support or allegiance to someone or something, often manifested through consistent preference or patronage.

Organizational Context

The set of circumstances or conditions, including culture and structure, that surrounds and influences the operations of an organization.

Exert Influence

The act of impacting or changing someone's behavior, actions, or perception through direct or indirect means.

Goal Achievement

The successful attainment of specific aims or objectives.