When Segregation of Duties Cannot Be Effectively Implemented Because the Organization

question 65

Multiple Choice

When segregation of duties cannot be effectively implemented because the organization is too small, we may rely on a more intensive implementation of other control plans such as personnel control plans. This is called:

• A) collusion controls
• B) compensatory controls
• C) authorizing controls
• D) inventory controls

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Definitions:

General Partnership

A business arrangement where two or more individuals share ownership, profits, and liabilities of a business.

Pet Grooming

The practice of cleaning and hygienically caring for pets, often involving hair cutting, nail trimming, and bathing.

Financial Responsibilities

Obligations related to managing money, assets, and investments, including budgeting, investing, and managing debt.

Corporation

A legal entity separate from its owners, with rights to own assets, incur liabilities, hire employees, enter contracts, and provide protection for its shareholders.