Within the Context of the Financing Process, Separation of Duties

question 59

Multiple Choice

Within the context of the financing process, separation of duties means:

• A)The accounting department cannot issue dividend checks without the approval of the board of directors.
• B)An accountant who prepares dividend checks cannot also prepare checks for repayment of long-term debt.
• C)Both the accounting department cannot issue dividend checks without the approval of the board of directors and an accountant who prepares dividend checks cannot also prepare checks for repayment of long-term debt are true.
• D)Neither the accounting department cannot issue dividend checks without the approval of the board of directors nor an accountant who prepares dividend checks cannot also prepare checks for repayment of long-term debt is true.

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Definitions:

Modes of Openers

Various strategies or sentences used at the beginning of a speech or written piece to grab the audience's attention or introduce the topic effectively.

Oral Presentation

A spoken performance or speech delivered to an audience to convey information or arguments.

Anecdote

An anecdote is a short, personal story about a real incident or person, usually shared to illustrate a point or entertain.

Problem-cause-solution

A rhetorical structure that identifies a problem, analyzes the cause(s), and proposes one or more solutions.