When a Proper Segregation of Duties Exists in the Area

question 27

Multiple Choice

When a proper segregation of duties exists in the area of handling cash receipts,the ________,who reports to the ________,actually handles the cash and is not the same person who posts cash receipts to customer accounts.

• A)cashier;treasurer
• B)cashier;controller
• C)accountant;treasurer
• D)accountant;controller

---

Definitions:

Trade Policy

A government's strategy regarding international trade, affecting how goods and services move across borders through tariffs, trade agreements, and regulations.

U.S. Market

The economic arena constituted by the exchange of goods and services within the United States, characterized by its diversified industries and consumer base.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the net benefit to society, and it is impossible to make one individual better off without making someone else worse off.

No-Trade Situation

A scenario in which either due to policy decisions, protectionist measures, or lack of comparative advantage, countries or entities do not engage in international trade with each other.