Allowing Only Designated Personnel to Handle Cash Receipts Is an Example

question 52

Multiple Choice

Allowing only designated personnel to handle cash receipts is an example of

• A) establishment of responsibility.
• B) segregation of duties.
• C) documentation procedures.
• D) independent internal verification.

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Definitions:

Driving Change

The process of actively steering organizational processes, culture, or direction to achieve a specific goal or outcome.

Industries

Sectors of the economy made up of manufacturing, services, agriculture, and companies that produce or sell similar products or services.

Employment Uncertainty

The state of being unsure about one's job security and future career prospects.

Acquisition Strategies

Strategies employed by organizations to acquire or merge with other companies to increase market share, diversify products, or achieve other business objectives.