The Clerk Who Has Access to the Cash in the Cash

question 130

True/False

The clerk who has access to the cash in the cash register should not have access to the register tape or file.

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Definitions:

Joint Costs

Costs incurred in the process of producing two or more products simultaneously up to the point of separation.

Split-off Point

The stage in the manufacturing process where joint products are recognizable as separate products and can be individually processed further or sold.

Split-off Point

The stage in a production process where multiple products become individually identifiable and their costs can be separately assigned.

Outsourcing

The practice of hiring external firms to handle work normally performed within a company, often to cut costs or focus on core capabilities.