In the Following Situation,which Internal Control Procedure Needs Strengthening

question 152

Multiple Choice

In the following situation,which internal control procedure needs strengthening?
- At Hofstra Services,the operations accountant is responsible for safeguarding and maintaining the pipe inventory and also to record inventory transactions into the journal.A separate accounting clerk keeps records of the cash receipts and payments.The treasurer signs checks and approves contracts.

• A) Assignment of responsibilities
• B) Competent, reliable, and ethical personnel
• C) Separation of duties
• D) Documents

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Definitions:

Theory of Planned Behavior

A psychological theory proposing that an individual's intention to engage in a behavior is influenced by attitudes towards the behavior, subjective norms, and perceived behavioral control.

Regulatory Focus Theory

A theory suggesting that people approach goals in two ways: promotion focus (striving for gains) and prevention focus (avoiding losses), affecting motivation and behavior.

Terror Management Theory

A psychological theory suggesting that fear of death motivates humans to adopt cultural beliefs and behaviors that help to manage this fear.

Psychological Reactance Theory

A theory that suggests individuals have an innate response to resist threats to their freedom of choice or behavior, leading to a motivational state aimed at reasserting control.