Which of the Following Duties Could Be Performed by the Same

question 85

Multiple Choice

Which of the following duties could be performed by the same individual without violating segregation of duties controls?

• A)Approving accounting software change requests and testing production scheduling software changes.
• B)Programming new code for accounting software and testing accounting software upgrades.
• C)Approving software changes and implementing the upgraded software.
• D)Managing accounts payable function and revising code for accounting software to more efficiently process discount due dates on vendor invoices.

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Definitions:

Labor

The application of both mental and physical human capacities for the generation of goods and services.

Marginal Physical Product

The additional quantity of output that is produced by using one more unit of a given input, assuming all other inputs remain constant.

Total Revenue Product

The total revenue generated by a firm from selling the output produced by an additional unit of a factor of production.

Perfect Competitor

A market structure where many firms sell identical products, allowing no single company to influence the market price.