To Provide an Adequate Separation of Functions in the Accounts

question 47

Multiple Choice

To provide an adequate separation of functions in the accounts receivable business process,maintaining the accounts receivable control account should be the responsibility of

• A) billing.
• B) accounts receivable.
• C) cash receipts.
• D) general ledger.

---

Definitions:

Identification

A psychological process in which an individual assimilates attributes, beliefs, or standards of another person or group, often serving as a role model.

Fight-or-flight Response

An automatic physiological reaction to perceived harmful events, attacks, or threats to survival, prompting either combat or retreat.

Walter Cannon

A physiologist known for his work on the fight or flight response and for coining the term 'homeostasis' to describe the process of maintaining internal stability in an organism.

Hans Selye

A pioneering Hungarian-Canadian endocrinologist known for his research on the effects of stress on the human body, introducing the concept of the General Adaptation Syndrome.