Cashiers at a Supermarket Have to Talk to a Manager

question 168

Multiple Choice

Cashiers at a supermarket have to talk to a manager before approving price changes at the register.Which internal control principle is being followed?

• A)Segregate duties
• B)Establish responsibilities
• C)Independently verify
• D)Restrict access

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Definitions:

Unit Variable Cost

The variable cost incurred to produce one unit of a product, such as materials or labor.

Net Operating Income

The profitability of a company's core business operations, calculated as gross profit minus operating expenses, excluding interest and taxes.

Sales Commissions

A portion of sales revenue paid to sales personnel as a reward for their sales achievements.

Monthly Net Operating Income

The profit a business makes after paying for all operating expenses but before interest and taxes within a month.