The Category of Control Activities Referred to as Segregation of Duties

question 93

Multiple Choice

The category of control activities referred to as segregation of duties requires that certain activities should be the responsibility of different person or department.The three duties that are to be separated are:

• A)Authorizing, recording, and paying
• B)Recording, custody, and disposition
• C)Authorizing, paying, and custody
• D)Authorizing, recording, and custody

---

Definitions:

AVC

Average Variable Cost is the total variable costs divided by the quantity of output.

Diminishing Returns

A principle in economics where each additional unit of input results in a progressively smaller increase in output.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

Output

The amount of something produced by a person, machine, or industry.