Which Statement Is FALSE

question 159

Multiple Choice

Which statement is FALSE?

• A)Sales to customers should be approved by a separate credit department.
• B)Purchases on credit should be approved by a separate purchasing department.
• C)Transactions with a large dollar amount should be approved by the Board of Directors or top management.
• D)The firing of employees should be handled by the department where the employee works.

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Definitions:

Transactions

The act of conducting business, especially buying or selling goods, services, or assets.

Strengthens

To make or become stronger, more forceful, or more effective.

C$

Symbol representing the Canadian Dollar, the currency of Canada.

US$

The US dollar, symbolized as USD, is the official currency of the United States of America and used as a benchmark in the global economy.