Segregation of Duties Consists of Separating the Four Functions of Authorizing

question 140

True/False

Segregation of duties consists of separating the four functions of authorizing events, executing events, recording events, and safeguarding the resources resulting from consummating the events.

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Definitions:

Licensee

One who receives a license to use, or enter onto, another’s property.

Company Name

The official legal name of a business entity registered under which it operates in the commercial world.

Trademark Dilution

The weakening or diluting of a trademark's distinctive quality or reputation by unauthorized use.

Intellectual Property

Property resulting from intellectual, creative processes. Patents, trademarks, and copyrights are examples of intellectual property.