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

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Definitions:

Generic

Products or goods that are marketed without a branded name, often characterized by a lower price compared to branded counterparts.

Lanham Act

U.S. legislation enacted in 1946 that protects and regulates trademarks, service marks, and related intellectual property.

Lanham Act

The primary federal trademark statute in the United States, which provides protection to the owners of trademarks by preventing others from using their marks without permission.

Trademark

A sign, term, or series of words officially recognized or developed through usage, that identifies a business or its goods.