Which of the Following Is Consistent with Effective Internal Control

question 35

Multiple Choice

Which of the following is consistent with effective internal control over sales transactions?

• A)The accounting department prepares a shipping report authorizing the shipment of goods.
• B)The accounting department accounts for all receiving reports.
• C)The billing department accounts for all shipping documents.
• D)The accounts payable department annually approves the extension of credit to customers.

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Definitions:

Cell Specialization

The process by which generic cells develop into specific types of cells to perform unique functions in the body.

Differentiation

The process by which cells become specialized in structure and function, acquiring characteristics distinct from the original cell type as they develop into various tissues and organs.

Gene Activity

The process by which the information encoded in genes is converted into products like proteins or RNA, influencing an organism's characteristics.

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetic material and typically having very similar appearances and biological characteristics.