In a Manual System with Proper Segregation of Duties, an Employee

question 65

Multiple Choice

In a manual system with proper segregation of duties, an employee in the general ledger department should only

• A)Authorize posting to the general ledger
• B)Post transactions to the general ledger
• C)Reconcile the subsidiary ledger to the general ledger
• D)Post transactions to the subsidiary ledger

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Definitions:

Satisficing Decision

A decision-making process that seeks a satisfactory rather than an optimal solution, prioritizing adequate over perfect results due to limitations.

Acceptable Alternative

An option deemed suitable or satisfactory for achieving a goal, often considered in decision-making processes.

Optimizing Decision

The process of finding the most effective solution among various choices, with the aim of achieving the best possible outcome.

Well-Defined Problem

A problem with clearly specified goals, constraints, and criteria for evaluating solutions, making it easier to identify potential solutions.