Which one of the following is a sound internal control procedure for cash disbursements?
a. Making copies of purchase orders for the receiving department so they know how many items to be expected upon delivery
b. Using presigned checks to facilitate payment within the cash discount period
c. Comparing purchase requisitions, purchase orders, receiving reports, and invoices
d. Requiring the signature of the purchasing department supervisor on checks
c
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In a properly designed internal control system, the same employee may be permitted to:
A. approve vouchers for payment and also sign checks. B. receive and deposit checks and also approve write-offs of customer accounts. C. reconcile the bank statements and also receive and deposit cash. D. sign checks and also cancel supporting documents.
________ involves a bilingual translator translating the questionnaire directly from a base language to the respondent's language
A) Direct translation B) Back translation C) Parallel translation D) Indirect translation
Authorizing employees to make changes happen in the areas they control is associated with which of the 6-E’s of Lean?
a. Empower b. Excite c. Engage d. Encourage
Which of the following statements is true regarding a trial balance that balances?
A. There are no missing transactions. B. This equality can only be achieved after closing entries have been recorded and posted to the ledger accounts. C. All transactions have been properly recorded. D. The equality of debits and credits has been proven.