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cluponka [151]
3 years ago
9

Which of the following is a good internal control mechanism for cash disbursements? Multiple Choice Maximum purchase limits set

on debit and credit cards. Expenditures above a particular amount do not need authorization. All checks need to be signed only by one authorized person. All transactions are made using cash with the required documentation.
Business
1 answer:
Anuta_ua [19.1K]3 years ago
4 0

Answer:

The correct option is that maximum purchase limits set on debit and credit cards

Explanation:

It is clearly wrong to ignore authorization for expenditures above a particular threshold,because that encourages employees to perpetrate fraud.It would be more appropriate to say expenditures above a particular limit requires authorization.

When one person signs all checks, the implication of that is a company where the authorizer is allowed to use his wisdom to make cashflow decision that could adverse effect even on the survival of the business.

Documentation of all transactions is good but using cash at all times  exposes the business to the risk of cash conversion and theft

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Answer:

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Explanation:

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One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI a
Margarita [4]

A widely acknowledged problem with using the consumer price index as a measure of the cost of living is that it fails to account for the introduction of new goods.

More about consumer price index and its problem-

  • A more accurate indicator of a nation's standard of living than per capita GDP is the consumer price index or CPI.
  • It is based on the total cost of a fixed basket of goods and services purchased by an average customer in comparison to the cost of the same basket in a base year.
  • The CPI can get a precise assessment of the cost of living by including a wide range of thousands of items and services with the set basket.
  • It's crucial to keep in mind that the CPI is an index number or a percentage change from the base year rather than a monetary value like the GDP.
  • Because CPI is based on a fixed basket of products, the CPI does not provide an entirely accurate measure of the cost of living, despite being a convenient approach to calculate the cost of living and the relative price level over time.
  • The bias against substitution, the introduction of new products, and quality variations are three issues with the CPI that should be mentioned.

To learn more about the consumer price index, refer to-

brainly.com/question/9531727

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nika2105 [10]

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aleksandr82 [10.1K]

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