Which of the Following Is Not a Procedure to Maintain

question 56

Multiple Choice

Which of the following is not a procedure to maintain internal controls over cash payments?

• A)Checks should be properly authorized with approval signatures.
• B)A receipt should be provided to each cash customer.
• C)All checks should be prenumbered.
• D)Spoiled checks should be voided and retaineD.Providing receipts to each cash customer is a procedure to maintain internal controls over cash receipts, not cash payments.

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Definitions:

Leadership Style

Leadership Style refers to the behavior and approach of guiding, directing, motivating, and managing a group of people towards achieving a goal.

Transformational Leadership

A style of leadership where leaders encourage, inspire, and motivate employees to innovate and create change that will help grow and shape the future success of the company.

Contingent Reward Behaviour

A leadership behavior that provides rewards for performance that meets or exceeds expectations, typically used to motivate and align employees' goals with organizational objectives.

Follower Satisfaction

The degree to which individuals feel content and positively evaluated their experience under the guidance or leadership of someone else.