At Carlson Services,the Cashier Collects Checks and Cash from Customers,and

question 196

Multiple Choice

At Carlson Services,the cashier collects checks and cash from customers,and the junior accountant records the transactions in the journal.The controller approves the journal entries and bank reconciliations.The treasurer signs checks and approves contracts.Which internal control procedure is exemplified in the above situation?

• A) assignment of responsibilities
• B) competent, reliable, and ethical personnel
• C) separation of duties
• D) documents

Recognize the role of art in political and social commentary.

Understand the emergence of Dada and Surrealism in response to societal changes.

Understand the concept of cause and effect in economic contexts.

Interpret graphical data and understand the implications of different slopes.

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Definitions:

Authority

Refers to the right or power assigned to an individual or entity to make decisions, give orders, or control something or someone.

Reimbursement

A repayment for money spent or losses incurred, often from one party to another as compensation.

Independent Contractor

An individual or entity contracted to perform work for another entity as a non-employee, responsible for their own tax obligations and not subject to the hiring entity’s control over how the work is performed.

Contract Authorization

The process or act of giving official or legal approval to a contract, enabling it to be valid and enforceable.