When an Accounts Receivable Clerk Is Allowed to Steal One

question 21

Multiple Choice

When an accounts receivable clerk is allowed to steal one customers payment and apply the next one toward that payment and so on, this is a violation of:

• A) segregation of duties.
• B) management oversight.
• C) checks and balances.
• D) all of the above.

Recognize the importance of early and effective communication of product or service ideas to potential backers.

Understand the implications of rewards and equity sharing in crowdfunding campaigns and their effects on campaign approval and backer expectations.

Understand the differences between crowdfunding and crowdsourcing.

Identify the leading global crowdfunding platforms and their characteristics.

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Definitions:

Employment-At-Will

An employment arrangement in which either the employer or the employee can terminate the employment at any time, for any lawful reason.

Ethical Considerations

Relates to the moral principles that govern a person's behavior or the conducting of an activity, often applied in decision-making processes to ensure fairness and integrity.

Termination

The act of bringing an end to something, such as a contract, employment, or agreement.

Fairness

The quality of making judgments that are free from discrimination or dishonesty and are consistent with the principles of justice and equity.