Having One Person Responsible for the Related Activities of Ordering

question 13

Multiple Choice

Having one person responsible for the related activities of ordering merchandise receiving goods and paying for them

• A) increases the potential for errors and fraud.
• B) decreases the potential for errors and fraud.
• C) is an example of good internal control.
• D) is a good example of safeguarding the company's assets.

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Definitions:

Physical Capabilities

Refers to the various physical functions and activities an individual can perform, often considered in the context of job requirements or athletic performance.

Speed and Efficiency

Refers to completing tasks or operations in the shortest time possible without wasting resources, achieving the best outcome with minimum effort.

Appropriate Medium

The most suitable communication channel or format for a specific message or audience.

Communication

The exchange of information, ideas, feelings, or messages between individuals through various channels, which may be verbal, non-verbal, written, or electronic.