Using Prenumbered Checks and Having an Approved Invoice for Each

question 21

Multiple Choice

Using prenumbered checks and having an approved invoice for each check is an example of

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

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Definitions:

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, also known as the "knew-it-all-along" effect.

Other-Race Effect

This phenomenon describes the tendency to more easily recognize faces of the race that one is most familiar with, which is often their own race.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Sexual Behaviors

Actions related to seeking pleasure or procreation, including intercourse, masturbation, and other practices.