Cash registers, check protectors, time clocks and personal identification scanners are examples of technologies that can improve internal control.
Correct Answer:
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Q1: Separation of duties involves dividing responsibility for
Q3: Clearly establishing responsibilities and assigning all accounting
Q5: According to good internal control policies, a
Q7: Cash equivalents are short-term highly liquid investment
Q8: Maintaining adequate records is an important internal
Q15: Technologically advanced accounting systems rarely need monitoring
Q16: Because employees know that bonding is an
Q19: A properly designed internal control system is
Q20: Liquidity refers to a company's ability to
Q39: The payee is the person who signs
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