After Responsibility for a Task Is Assigned,which of the Following

question 68

Multiple Choice

After responsibility for a task is assigned,which of the following comes next?

• A) the centralization of the task
• B) the liability of the task
• C) the span of control is decided
• D) the work team is created
• E) the granting of authority

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Definitions:

Safeguard Assets

Measures and procedures implemented by a company to protect its assets from theft, damage, or misuse.

Overstate Liabilities

Refers to the act of reporting liabilities on the financial statements at amounts higher than what is true or accurate.

Internal Controls

Mechanisms, policies, and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Safeguarding Assets

Refers to the actions and policies put in place by an organization to protect its assets from theft, damage, or misuse.