Which of the Following Is an Accurate Statement Relating to Separation

question 132

Multiple Choice

Which of the following is an accurate statement relating to separation of duties?

• A) Management should deny cash access to anyone responsible for entering sales and cash receipts transaction information into the computer.
• B) All disagreements on the monthly statements should be directed to a designated person who has no responsibility for handling cash or recording sales or accounts receivable.
• C) The credit granting function should be separate from the sales function.
• D) All of the above are accurate statements.

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Definitions:

Cheap Labor

The employment of workers at wages that are considered lower than the norm for their industry or region.

Regionalization

Regionalization is the division of the world into different and often competing economic, political, and cultural areas.

European Union

A political and economic union of 27 European countries that are tied by a single market and a variety of policies aiming at ensuring freedom, security, and justice.

Homogeneous Place

A location or setting where the individuals or elements share a high degree of similarity or uniformity.