Basic Segregation of Duties Requires the Credit Manager Reports to the ________

question 63

Multiple Choice

Basic segregation of duties requires the credit manager reports to the ________ and the treasurer report to the ________.

• A)treasurer;controller
• B)treasurer;vice president of finance
• C)controller;vice president of finance
• D)marketing manager;vice president of finance

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Definitions:

Relevant

Pertaining to decision-making, it refers to information or costs that will change as a result of a decision, thereby affecting the outcome.

Total Cost

The sum of all expenses associated with the production or provision of goods and services, including fixed and variable costs.

Per Unit

A term referring to the cost, price, or measurement associated with a single unit of a product or service.

Cost Data

Information regarding the expenses incurred in the production or delivery of goods and services, used for pricing, budgeting, and financial analysis.