As an Internal Control, Separation of Duties Would Help Prevent

question 57

Multiple Choice

As an internal control, separation of duties would help prevent: (i) theft of inventory, (ii) computer viruses.

• A) i only.
• B) ii only.
• C) Both i and ii.
• D) Neither i nor ii.

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Definitions:

Price of X

The price of X refers to the cost to buyers of acquiring a unit of good or service X in the market.

Price of Y

the cost associated with acquiring or purchasing a specific good or service, denoted symbolically as "Y".

Wage Rate

The amount of money paid to an employee per unit of time, often per hour or year.

Labor Supply

The total number of hours that workers are willing and able to work at a given wage rate.