Requiring Separation of Duties in a Business Allows the Work

question 100

True/False

Requiring separation of duties in a business allows the work of one employee to serve as a check on the work of other employees.

---

Definitions:

Shareholder

An individual or entity that owns shares in a corporation, thus holding a portion of the company's equity and possibly influencing its governance.

State Charter

A legal document granting a municipality the authority to operate in certain ways, essentially the municipal version of a constitution.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government or in two different countries.

Corporate Income

The total income or earnings generated by a corporation, before deductions such as expenses, taxes, and interest.