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Which One of the Following Statements Is Correct

question 62

Multiple Choice

Which one of the following statements is correct?


Definitions:

Opportunity

A situation or condition favorable for the attainment of a goal.

Establishing Responsibility

The creation of clear roles and duties within an organization to ensure accountability and improve efficiency.

Independent Internal Verification

A control mechanism where the transactions and activities are verified by staff members who are not directly involved in those transactions or activities.

Authorization

The approval or permission granted to an individual or entity to perform a specific action or access certain resources.

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