The Purpose of Segregating the Duties of Hiring Personnel and Distributing

question 61

Multiple Choice

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

• A) administrative controls from the internal accounting controls.
• B) human resources function from the controllership function.
• C) operational responsibility from the record-keeping responsibility.
• D) authorization of transactions from the custody of related assets.

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Definitions:

Specially Manufacture

Refers to the creation or production of goods tailored to a specific buyer's requirements, often involving custom designs or specifications.

No Market

This term indicates a situation where there are no buyers willing to purchase something being offered for sale, often used in the context of stocks or other securities.

Insolvent

The financial state of being unable to pay debts when they are due.

Stop Delivery

A request made to halt the transportation or delivery of goods or mail.