Which of the Following Scenarios Reduces the Risk of an Employee

question 63

Multiple Choice

Which of the following scenarios reduces the risk of an employee fraud?

• A) An accountant being responsible for approving payments to a vendor
• B) The bank reconciliation being prepared by an accountant
• C) A sales clerk having access to the cash register
• D) Remittance advices being sent directly to the cashier

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Definitions:

Japanese Reindustrialization

The period or process of Japan revitalizing its industrial sector, focusing on high technology, efficiency, and export-oriented production.

Luxury Items

High-end products or services that are considered superior in quality and status, often associated with a significant price.

Economic Power

The ability of a country, business, or individual to influence or control economic activities, markets, and outcomes due to their financial resources, production capabilities, or market position.

Total Output

The total value of all goods and services produced within an economy over a specific period, often used as a measure of economic performance.