For Proper Segregation of Duties, the Department That Should Authorize

question 64

Multiple Choice

For proper segregation of duties, the department that should authorize new employees for payroll would be:

• A)Payroll
• B)Human resources
• C)Cash disbursements
• D)General ledger

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Definitions:

Advertising

The action of calling public attention to products, services, needs, etc., especially by paid announcements in newspapers and magazines, over radio or television, on billboards, etc.

Barriers to Entry

Factors that prevent or hinder companies from entering a specific market or industry, including high startup costs, strict regulations, and established competition, which can protect existing firms from new entrants.

Artificial Differences

Distinctions created or imposed in a situation or between objects that do not naturally or inherently exist.

Horizontal Differentiation

A strategy where products are made different from those of competitors on aspects other than price, such as quality or features, while aimed at satisfying the same basic need.