Organizations Secure a Range of Services and Supplies from Independent

question 27

Multiple Choice

Organizations secure a range of services and supplies from independent, external vendors by:

• A)doing a job analysis
• B)outsourcing
• C)engaging in employment-at-will
• D)having joint ventures
• E)partnering

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Definitions:

Journal Entries

The method by which all business transactions are initially recorded, using a system of debits and credits, to maintain the financial records of an entity.

Segregation Of Duties

A key internal control that prevents fraud and errors by ensuring that no single individual has control over all aspects of a financial transaction.

Custody

The protective care or guardianship of someone or something, often referring to the control over assets or minors.

Bonding Employees

A fiduciary process where employees are covered by a bond to protect the employer against losses from the acts of fraud or dishonesty by the employees.