A Company Has a Policy That All Checks Over $5,000

question 50

Multiple Choice

A company has a policy that all checks over $5,000 need to have the signature of the owner in addition to the signature of the bookkeeper.This is an example of:

• A)limited access.
• B)proper approvals.
• C)adequate records.
• D)encryption.

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Definitions:

Conflict Theory

A theory in sociology and social psychology that emphasizes the role of power and coercion in producing social order.

Division Of Labor

The allocation of different parts of a manufacturing process or task to different people in order to improve efficiency.

Structuralist/Functionalist

A framework in social sciences that emphasizes the systemic interrelations and functions of social structures.

Talcott Parsons

An influential American sociologist known for his development of sociological theory, particularly regarding the role of social structures and the importance of societal equilibrium.