Allowing Only the Treasurer to Sign Checks Is an Example

question 227

Multiple Choice

Allowing only the treasurer to sign checks is an example of

• A) documentation procedures.
• B) segregation of duties.
• C) other controls.
• D) establishment of responsibility.

---

Definitions:

Less Durable

Describes goods or products that have a shorter usable lifespan before they degrade, wear out, or become obsolete.

Inferior Goods

Products whose demand decreases as the income of consumers increases, due to the availability of better or more desirable alternatives.

Income

The financial gain that an individual or business receives, typically through employment, investment, or business ventures.

Utility Function

A mathematical representation in economics that ranks preferences or satisfaction levels consumers receive from consuming goods and services.