The Three Types of Functions That Normally Should Be Segregated

question 40

Multiple Choice

The three types of functions that normally should be segregated to promote internal control are

• A) recording transactions, authorizing transactions, and approval.
• B) authorizing transactions, approving transactions, and custody of assets.
• C) authorizing transactions, recording transactions, and custody of assets.
• D) authorizing transactions, inputting data, and outputting data.

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Definitions:

Progressive

A political and social movement that advocates for reforms and improvements in society through government action.

Freedom of Expression

A fundamental right safeguarded by many democratic societies, allowing individuals to express their thoughts, ideas, and opinions without undue government restriction.

Sedition Act

Historical legislation in various countries that criminalizes actions deemed as inciting rebellion against the authority of the state.

Marcus Garvey

A prominent black nationalist leader who founded the Universal Negro Improvement Association in the early 20th century, advocating for pan-Africanism and the return of African diaspora to their ancestral lands.