Giving Only Management the Right to Make Purchases Over a Certain

question 132

Multiple Choice

Giving only management the right to make purchases over a certain amount is an example of which preventive control?

• A)Separation of duties.
• B)Physical controls.
• C)Proper authorization.
• D)Employee management.

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Definitions:

Part Performance Exception

A legal doctrine that allows for the enforcement of an oral contract when one party has taken significant actions in reliance on the contract.

Land Contract Provision

Specific clauses within a contract for the purchase of land that stipulate the terms, conditions, and obligations of the parties involved.

Valuable Improvements

Enhancements or changes made to a property or piece of land that increase its value.

Employment Agreement

A contract between an employer and employee specifying the terms and conditions of the employment relationship, including duties, compensation, and duration.