The Purpose of Segregating the Duties of Distributing Payroll Checks

question 14

Multiple Choice

The purpose of segregating the duties of distributing payroll checks and hiring personnel is to separate the

• A) Duties within the accounting function.
• B) Custody of assets from the accounting for those assets.
• C) Authorization of transactions from the custody of related assets.
• D) Operational responsibility from record keeping responsibility.

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Definitions:

Nonmonetary

Pertains to benefits, rewards, or compensation that do not involve financial remuneration.

Genetically Identical Copy

An organism, cell, or piece of genetic material that is exactly the same in genetic composition as the one from which it was derived, as in cloning.

Cloning

Cloning is a process of producing genetically identical individuals of an organism either naturally or artificially.

Human

A member of the species Homo sapiens, characterized by a capacity for complex language, thought, and social organization.