When Segregation of Duties Cannot Be Effectively Implemented Because the Organization

question 65

Multiple Choice

When segregation of duties cannot be effectively implemented because the organization is too small, we may rely on a more intensive implementation of other control plans such as personnel control plans. This is called:

• A) collusion controls
• B) compensatory controls
• C) authorizing controls
• D) inventory controls

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Definitions:

Lump Sum Payment

A large single payment made at one time, instead of spreading payments over periods, often used in settlements or financial transactions.

Labor Income

Earnings received by workers for their labor, typically from wages, salaries, or tips.

Budget Line

An illustration showing all the potential combinations of two products that someone can buy, considering their wealth and the price points of the items.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.