Which of the Following Steps Helps to Protect Cash from Being

question 87

Multiple Choice

Which of the following steps helps to protect cash from being stolen by employees?

• A) Running periodic credit checks on employees who have access to a business's finances
• B) Having internal and external audits and ignoring any variances in the budget
• C) Assigning only one person to authorize bill payments and to write the checks for payments
• D) Hiring an employee to examine every aspect of cash inflows of a business

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Definitions:

Profit-Maximizing Quantity

The level of output at which a firm achieves the highest possible profit, determined by the point where marginal cost equals marginal revenue.

Market Wage Rate

The prevailing rate of pay for specific labor in a particular market, influenced by factors like skill level, industry demand, and availability of workers.

Profit-Maximized

The process or strategy by which a firm adjusts its production and sale operations to achieve the highest possible profit.

Power Cords

Electrical cables that connect an appliance to the main electricity supply, enabling its operation.