Proper Segregation of Duties in the Purchases,payables and Payments Cycle

question 57

Multiple Choice

Proper segregation of duties in the purchases,payables and payments cycle would be to have ________.

• A)the accounting department independent of the sales department
• B)the purchasing department independent of the receiving department
• C)the information systems department independent of the accounting department
• D)the sales department independent of the shipping department

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Definitions:

Industrialized Nations

Countries characterized by advanced technological infrastructure and a high level of industrial production, often associated with higher standards of living.

Infant Mortality

The rate at which infants under one year of age die in a given population, a crucial indicator of a country's health and well-being.

Birth Cohort

A group of individuals born within a specific period, who experience particular social and historical events at similar stages of life, influencing their attitudes and behaviors.

Modernization Theory

A perspective that suggests societies progress linearly from traditional to modern states, focusing on economic and technological development.