With a Limited Work Force and a Desire to Maintain

question 74

Multiple Choice

With a limited work force and a desire to maintain strong internal control,which combination of duties performed by a single individual presents the least risk exposure?

• A)maintaining the inventory ledger and recording the inventory journal voucher in the general ledger
• B)recording the inventory journal voucher in the general ledger and maintaining custody of inventory
• C)maintaining the cash disbursements journal and recording direct labor costs applied to specific jobs
• D)preparing the accounts payable journal voucher and recording it in the general ledger

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Definitions:

Macro-Economics

the branch of economics that deals with broad economic factors, such as national income, overall price levels, and the balance of trade, among entire economies.

Sociological Issues

Social problems or conditions that affect individuals, groups, or entire societies, often requiring intervention to resolve.

Rosa Luxemburg

A Polish Marxist theorist, philosopher, economist, anti-war activist, and revolutionary socialist.

Social Contract

A theoretical agreement within society where individuals consent to surrender some freedoms for the protection and benefit of the community as a whole.