Question

which of the following is a security procedure that should be included in a businesss cash handling policy?

check bills for signs of counterfeiting before accepting them.
keep doors locked when counting cash.
require authorization for payments or two signatures on checks.
verify the amount of cash matches the cash sales.

Explanation:

Analyze the question and concepts

The question asks to identify a security procedure that should be included in a business's cash handling policy. This relates directly to Loss Prevention and Retail Security Measures, which are key operational strategies to protect business assets.

Evaluate the options

• Check bills for signs of counterfeiting before accepting them: This is a standard operational procedure for point-of-sale transactions, but it is primarily a verification step rather than a physical security control for cash handling.
• Keep doors locked when counting cash: This is a fundamental physical security procedure. Counting cash is a high-risk activity where employees and assets are highly vulnerable to external theft or robbery. Locking doors during this process directly secures the environment.
• Require authorization for payments or two signatures on checks: This is an internal financial control policy to prevent fraud and unauthorized disbursements, rather than a physical security procedure for handling cash.
• Verify the amount of cash matches the cash sales: This is an accounting reconciliation procedure (internal control) to detect discrepancies or internal theft, rather than a physical security measure.

Determine the best security procedure

Among the choices, keeping doors locked while counting cash is the primary physical security procedure designed to protect both the staff and the physical currency from external security threats during a vulnerable operational phase.

Answer:

• Check bills for signs of counterfeiting before accepting them.
• Keep doors locked when counting cash. (Correct answer)
• Require authorization for payments or two signatures on checks.
• Verify the amount of cash matches the cash sales.