Proper Segregation of Functional Responsibilities in an Effective System of Internal

question 92

Multiple Choice

Proper segregation of functional responsibilities in an effective system of internal control calls for separation of the functions of

• A) Authorization, execution, and payment.
• B) Authorization, recording, and custody.
• C) Custody, execution, and reporting.
• D) Authorization, payment, and recording.

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Definitions:

Taste Test

An evaluation process where individuals sample and rate different foods or beverages based on flavor, texture, and other sensory attributes.

Crowding

A subjective feeling of having less space than desired, often due to a high density of people or objects.

Ethnographic

A research method that attempts to provide a close understanding of people and cultures.

Opinion Leaders

individuals who have significant influence on the attitudes, beliefs, and behaviors of others within a community or social group, often due to their expertise or position.