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.

Explain the relationship among marketing ethics, strategic planning, and organizational performance, including stakeholder orientation.

Identify the benefits and drawbacks of ethical and socially responsible behaviors in organizations.

Understand the importance of incorporating ethics and social responsibility in strategic planning.

Assess the impact of social responsibility on customer loyalty and organizational performance.

---

Definitions:

Bad Debt Expense

The cost associated with accounts receivable that a company does not expect to collect due to customer default.

Allowance For Doubtful Accounts

The contra asset account for accounts receivable.

Adjusting Journal Entry

A record in accounting that is used to adjust incomes and expenses to match the accounting period in which they actually occurred.

Net Realizable Value

The estimated selling price of goods minus the costs of their sale or disposal.