Separation of Duties Occurs When Two or More People Act

question 124

True/False

Separation of duties occurs when two or more people act in coordination to circumvent internal controls.

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Definitions:

Responsive

The ability to quickly and accurately react to changes or inputs, often used in the context of web design or customer service.

Efficient

Achieving maximum productivity with minimum wasted effort or expense, often related to the optimal use of resources.

Aggregate Forecasts

Predictions made about future demand, sales, or other financial metrics, based on historical data and analysis of market trends, on a collective basis.

Disaggregate Forecasts

Breaking down aggregate forecasts into more detailed, specific forecasts for individual products, locations, or time periods.