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Basic Cash Control: Background Answer1

Exercise Answer
Background Answer 1

Correct Answer - g.   All of the above

  • Every theft of cash that occurs at the University may become public knowledge and hence has the potential to have a significant negative impact on the institution.
  • All of the consequences listed in answers ( a through f ) can potentially occur. That is why it is so important to have proper separation of duties and compliance with cash handling policy to ensure a high quality of cash management practices on the campus.
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