With Properly Designed Internal Control,the Same Employee Should Not Be

question 47

Multiple Choice

With properly designed internal control,the same employee should not be permitted to:

• A)Sign checks and cancel supporting documents.
• B)Receive merchandise and prepare a receiving report.
• C)Prepare disbursement vouchers and sign checks.
• D)Initiate a request to order merchandise and approve merchandise received.

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Definitions:

Hypothetical Open Question

An inquiry that poses a speculative scenario, allowing for expansive and imaginative responses.

Closing Phase

The final stage of a project or process in which objectives are confirmed as met and the project is formally concluded.

Question-Response Phase

A part of a conversation or interaction where questions are asked and answers are provided, facilitating the exchange of information.

Opening Phase

The initial stage of a communication or interaction where parties establish rapport and identify the purpose of their exchange.