Janet Is the Purchasing Agent at Frameco Manufacturing

question 51

Multiple Choice

Janet is the purchasing agent at Frameco Manufacturing.Her duties include vendor selection and ordering materials.Due to a recent economic downturn and resulting cut backs,Janet has been assigned the additional duty of preparing receiving reports after comparing the goods received to the purchase order.This is an example of:

• A)unlimited access to materials.
• B)independence of assigned functions.
• C)misappropriation of assets.
• D)a lack of segregation of duties.