An Organisation Determines That Any Check for an Amount Greater

question 14

Multiple Choice

An organisation determines that any check for an amount greater than $5 000 must require approval from the controller. This is an example of:

• A)segregation of duties.
• B)approval authority.
• C)rotating key jobs.
• D)reconciling the bank statement.

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Definitions:

Customer Service Department

A division within a company focused on providing assistance, support, and information to the customers to ensure satisfaction with products or services.

Capacity Analysis

The study and evaluation of the production capabilities of a manufacturing facility to understand its maximum output over a period.

Time-Driven Activity-Based Costing

An approach to activity-based costing that uses simple cost drivers like the amount of time required to complete an activity, improving the costing process's simplicity and accuracy.

Tech Support Department

A division within a company responsible for addressing technological issues and providing assistance and guidance on products or services.