Back Office Activities Can Be Classified Under BPO (Business Process

question 18

True/False

Back office activities can be classified under BPO (Business Process Outsourcing).

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Definitions:

Segregation of Duties

An internal control that prevents fraud and errors by dividing responsibilities among different employees.

Accounts Payable Clerk

An accounting professional responsible for managing the company's bills and ensuring that debts to suppliers and creditors are paid properly and on time.

Approved Supplier Master File

A comprehensive list of suppliers that have been vetted and approved by a company to provide goods or services, ensuring quality and reliability.

Collusion

Collusion refers to a secret or illegal cooperation or conspiracy, especially among firms, to deceive or gain an unfair advantage.