Which of the Following Would Have the Least Amount of Importance

question 81

Multiple Choice

Which of the following would have the least amount of importance regarding controls over the processing of payroll?

• A) The person authorized to sign paychecks should not be otherwise involved in the preparation of the payroll.
• B) A check-signing machine should not be used to replace a manual signature.
• C) Distribution of pay checks should be performed by someone who is not involved in the other payroll functions.
• D) Unclaimed paychecks should be immediately returned for redeposit.

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Definitions:

Monopolistic

Relates to a market structure where a single firm dominates the market, often leading to limited competition.

Differentiate Products

The strategy of distinguishing a product from its competitors through design, features, branding, or quality.

Market Power

The ability of a firm to influence the price of its product or service in the market, often through controlling supply, influencing demand, or both.

Differentiated Products

Goods or services that are distinguished from similar offerings by characteristics such as quality, design, branding, or features.