Separation of Duties Divides Responsibility for a Transaction or a Series

question 126

True/False

Separation of duties divides responsibility for a transaction or a series of transactions between two or more individuals or departments.Separation of duties reduces the risk of error and fraud.

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Definitions:

Supervisors

Individuals with managerial authority responsible for overseeing the work of others and ensuring tasks are completed.

Labor Relations System

The complex of policies, practices, and institutions involved in the management of the workforce, including the negotiation, interpretation, and enforcement of collective bargaining agreements.

Societal Standpoint

A perspective that focuses on understanding society, social relations, and issues from the viewpoint of different social groups, considering their unique positions and experiences.

Income Distribution

The way in which a nation's total GDP is spread amongst its population.