Frauds in the cash disbursement function:
a. are less direct and more subtle than purchasing and accounts payable frauds
b. have decreased significantly due to a decrease in the number of checks being written
c. can be decreased or prevented by using digitally signed electronic payments
d. all of the above
C
You might also like to view...
An advantage of real-time processing of sales is
a. the cash cycle is lengthened b. current inventory information is available c. hard copy documents provide a permanent record of the transaction d. data entry errors are corrected at the end of each batch
What is reciprocity?
A. Sharing competitive intelligence B. Buying a product from someone if that person agrees to buy from you C. Obeying the Core Principles of Professional Selling D. Creating win-win buying situations E. A mutually-beneficial buying situation that does not lessen competition
The sales presentation should include elements that appeal to the prospect's five senses.
Answer the following statement true (T) or false (F)
Under UCC guidelines, to require a bank to abide by a postdated check, the drawer must give separate written notice to the bank, describing the check with reasonable certainty and notifying the bank not to pay the check until the date on the check
Indicate whether the statement is true or false