Which of the Following Situations Is Not a Segregation of Duties

question 127

Multiple Choice

Which of the following situations is not a segregation of duties violation?

• A) The treasurer has the authority to sign checks but gives the signature block to the assistant treasurer to run the check-signing machine.
• B) The warehouse clerk,who has the custodial responsibility over inventory in the warehouse,selects the vendor and authorizes purchases when inventories are low.
• C) The sales manager has the responsibility to approve credit and the authority to write off accounts.
• D) The department time clerk is given the undistributed payroll checks to mail to absent employees.
• E) The accounting clerk who shares the record keeping responsibility for the accounts receivable subsidiary ledger performs the monthly reconciliation of the subsidiary ledger and the control account.

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Definitions:

Cost Of Capital

The return rate that a company must earn on its projects to maintain its market value and attract funds.

Cost Of Labor

The total expenditure by employers on wages, benefits, and taxes for their employees, representing the financial cost of employing labor.

Isocost Line

A graphical representation showing all combinations of inputs (like labor and capital) that cost the same amount for a firm.

Capital

Economic resources that are used in the production of goods and services, typically including financial assets and physical machinery.