Incompatible Duties Are Those That Allow an Irregularity to Be

question 27

Multiple Choice

Incompatible duties are those that allow an irregularity to be perpetrated:

• A) and concealed by a single employee.
• B) and concealed through collusive actions.
• C) by a single employee.
• D) by accounting personnel.
• E) and concealed by a group of two or more employees.

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Definitions:

Elasticity

An economic measure of how responsive the quantity demanded or supplied of a good or service is to a change in price.

Demand Curve

A graphical representation that shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at various prices.

Sensitive

Pertaining to something that requires careful handling due to its potential to cause a reaction or damage under certain conditions.

Ten-Year Period

A duration of ten years used as a measurement of time for planning, analysis, or investment purposes.