Sam's Grocery Store Has the Following Policy

question 162

Multiple Choice

Sam's Grocery Store has the following policy.'Only one cashier can have access to a cash drawer.' Which internal control principle supports this policy?

• A)Documentation procedures.
• B)Segregation of duties.
• C)Physical controls.
• D)Establishment of responsibilities.

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Definitions:

Resources

Inputs or factors used in the production of goods and services, including labor, capital, land, and technology.

Efficiently

Performing or functioning in the best possible manner with the least waste of time and effort.

Production Possibilities Curve

A graphical representation showing the maximum quantity of goods and services that can be produced within a given set of resources and technology.

Efficiently

Achieving maximum productivity with minimum wasted effort or expense.