Which of the Following Is Not a Reason Why a Business

question 52

Multiple Choice

Which of the following is not a reason why a business needs strong internal controls over cash?

• A) A small volume of high-denomination currency represents a significant amount of value.
• B) Ownership of cash is difficult to prove.
• C) Cash has universal appeal.
• D) Money is the common unit of measurement in business.

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Definitions:

Arithmetic Operations

Basic mathematical operations that include addition, subtraction, multiplication, and division, fundamental to numerical calculations.

Non-Numerical Values

Data that is not represented by numbers, often categorical or qualitative in nature, such as names or labels.

Quantitative

Relating to, measuring, or measured by the quantity of something rather than its quality, often involving statistical, mathematical, or numerical data analysis.

Measurement

Measurement is the process or the result of quantifying the characteristics of phenomena or objects, assigning numbers or symbols according to rules.