It Is a Good Control Practice to Make Sure That

question 43

True/False

It is a good control practice to make sure that the same person who is responsible for authorizing transactions is also responsible for recording them and handling the assets related to the transaction.

---

Definitions:

Knowledge-based View

A perspective in strategic management that considers knowledge as the most strategically significant resource of a firm.

Typicality Effect

A cognitive phenomenon where more typical members of a category are processed faster and more efficiently than atypical members.

Expertise

The extensive knowledge or skill in a particular area of study, practice, or interest, obtained from experience and education.

Schematic

Relates to a schematic diagram or representation, often used to simplify and summarize complex information.