Which of the Following Renders the Separation of Duties Control

question 9

Multiple Choice

Which of the following renders the separation of duties control useless:

• A) Fraudulent maker
• B) Fraudulent payee
• C) Rubber stamping
• D) None of the above

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Definitions:

Transfer Prices

Prices used for transactions between divisions of the same company, often used for budgeting and taxation purposes.

Actual Costs

The real costs incurred by a business, including all expenses related to production, operation, and maintenance.

Standard Costs

Predetermined costs for materials, labor, and overhead used in budgeting and assessing performance by comparing them to actual costs.

Inventory Decrease

A reduction in the quantity of goods held in stock by a business.