Within the Context of the Financing Process, Separation of Duties

question 42

Multiple Choice

Within the context of the financing process, separation of duties means:

• A)The accounting department cannot issue dividend checks without the approval of the board of directors.
• B)An accountant who prepares dividend checks cannot also prepare checks for repayment of long-term debt.
• C)Both A and B are true.
• D)Neither A nor B is true.

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Definitions:

Same-Gender

Relating to or involving individuals of the same sex.

Other-Gender

A term used to refer to genders other than the one a person identifies with, especially in contexts discussing gender diversity and inclusivity.

Sexually Harassed

Experiencing unwelcome sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature.

LGBT Students

Learners who identify as lesbian, gay, bisexual, transgender, or questioning, facing unique social and educational challenges.