Three Key Duties That Must Always Be Separated Under a Good

question 81

Multiple Choice

Three key duties that must always be separated under a good system of internal controls are:

• A)asset handling,record keeping and transaction approval.
• B)asset handling,hiring and safeguarding of assets.
• C)asset handling,recordkeeping and safeguarding of assets.
• D)record keeping,transaction analysis and transaction approval.

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Definitions:

Philippe Ariès

A French historian who is best known for his work on the history of childhood and family life.

Industrialized Cities

Urban areas that have undergone industrialization, characterized by the presence of factories, technological advancement, and high population density.

Rural Areas

Describes regions that are located outside towns and cities, often characterized by small populations and largely agricultural-based economies.

Extended Families

Family units that extend beyond the nuclear family, including grandparents, aunts, uncles, and other relatives who maintain close relationships.