For Effective Internal Control,the Billing Function Should not Be Performed

question 63

Multiple Choice

For effective internal control,the billing function should not be performed by the:

• A)Sales department.
• B)Accounting department.
• C)Finance department.
• D)Information Processing department.

---

Definitions:

Variable Rate Coupons

Bonds or other loans that have interest payments adjusted at periodic intervals based on a reference interest rate.

Term Structure

The term structure, often related to interest rates, outlines the relationship between interest rates or yields and different maturity dates for debt securities.

Inflation Premium

The portion of a nominal interest rate that represents compensation for expected future inflation.