In General, the Greater the Distance Between the Home Office

question 57

Multiple Choice

In general, the greater the distance between the home office of a global company and its branch, the ________.

• A) more formalized the controls
• B) less formalized the controls
• C) more automated the controls
• D) less automated the controls

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Definitions:

NSF Check

A check that cannot be processed because the account it's drawn on does not have sufficient funds.

Outstanding Checks

Checks that have been written and recorded in the paying entity's accounting system but have not yet been cashed or cleared by the bank.

Purchase Requisitions

Purchase requisitions are formal requests made within an organization to purchase goods or services, typically before a purchase order is created and allocated the necessary budget.

Purpose

The purpose behind why something is done, created, or exists.