Which of the Following Is Not a Measure of Good

question 28

Multiple Choice

Which of the following is not a measure of good internal control?

• A) Daily banking
• B) Requiring all employees to take annual leave
• C) Reconciling a control account with its subsidiary ledger
• D) Combining authority to purchase goods and sign cheques

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Definitions:

Budget Deficits

Budget deficits describe the financial situation where a government's expenditures surpass its income, leading to a shortfall that must be financed through borrowing.

Stimulus Package

A set of government measures, typically involving spending and tax cuts, intended to boost economic activity during a downturn.

Great Recession

The severe global economic downturn that occurred from late 2007 through mid-2009, characterized by significant declines in economic activity worldwide.

Automatic Stabilizers

Automatic stabilizers are economic policies and programs, like unemployment insurance and progressive taxation, that automatically adjust to dampen economic fluctuations without additional government action.