Allowing Only the Treasurer to Sign Cheques Is an Example

question 9

Multiple Choice

Allowing only the treasurer to sign cheques is an example of which control activity?

• A)documentation
• B)segregation of duties
• C)human resource controls
• D)authorization of transactions and activities

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Definitions:

Economics

The social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Farming

The practice of cultivating crops and raising livestock for food, fiber, biofuel, medicinal plants, and other products used to sustain and enhance human life.

Economic Profit

The gap between an enterprise's total earnings and its combined explicit and implicit outlays.

Farming

The practice of cultivating the land or raising stock, such as crops and livestock, typically for food production.