Which Principle of Internal Control States That You Should Assign

question 73

Multiple Choice

Which principle of internal control states that you should assign each task to only one employee?

• A)Segregation of duties
• B)Establishing responsibility
• C)Restricting access
• D)Independently verifying

Recognize the short-run and long-run effects of monetary policy on the economy.

Differentiate between real and nominal variables and their significance.

Understand the relationship between output, unemployment, and the business cycle.

Grasp the reasons behind the shapes of the aggregate demand and aggregate supply curves.

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Definitions:

Strikes

Work stoppages caused by the mass refusal of employees to work, aimed at protesting against employers' terms.

Lockouts

An action taken by employers to prevent employees from working during a labor dispute, aimed at pressuring the workers to accept certain conditions.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, officially known as the Labor Management Relations Act.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions, also known as the Labor Management Relations Act.