An Example of Separation of Duties Would Be Not Allowing

question 106

True/False

An example of separation of duties would be not allowing an employee who receives cash to also be responsible for depositing that cash in the bank account.

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Definitions:

Patents and Licenses

Legal mechanisms that grant inventors exclusive rights to their inventions, and permissions required to engage in certain activities or businesses.

Barrier to Entry

Economic, procedural, regulatory, or technological conditions that obstruct or restrict new competitors from easily entering an industry or area of business.

Near Monopolies

Near monopolies refer to markets where one or a few companies dominate, significantly limiting competition.

Licenses

Legal permits granted by an authority, allowing individuals or companies to carry out certain activities or businesses that would otherwise be unlawful.