Explain Why It Is Important to Segregate Duties of Employees

question 51

Essay

Explain why it is important to segregate duties of employees dealing with cash in an organization. Provide at least three examples of ways which this segregation could be made on the receivables side.

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Definitions:

Dizygotic Twins

Also known as fraternal twins, these are two siblings born at the same time who have developed from two different eggs fertilized by two different sperm cells.

Homozygous

Describes an organism with two identical alleles for a particular trait or gene.

Heterozygous

Possessing two different alleles of a gene, one inherited from each parent, resulting in variation of a genetic trait.

Infant Mortality

Death within the first year of life.