Business

8 April, 20:41

Separation of duties refers to:

A) Individuals who have physical responsibility for assets should not also have access to accounting records.

B) Keeping functions across different departments separate.

C) Preventing top management and lower-level employees from interacting

D) Making each manager personally responsible for his/her department.

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Separation of duties refers to: A) Individuals who have physical responsibility for assets should not also have access to accounting ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Electronic résumés have an attractive, highly formatted appearance.

Which marketing mix element deals specifically with retailing and marketing channel management?

Regarding the relationship between inventory management and JIT systems, which of the following (if any) are true? a. JIT systems require careful inventory management. b.

What are the seven steps in the decision-makig process?

Ramiro is also a college student. He has a credit card balance of $500.00. The APR on his card is 18.24%. His minimum payment is $10.00. If Ramiro stops using his credit card, how long will it take him (in months) to pay off the $500.

New Questions in Business

That the total dollar amount of the debits equals the total dollar amount of the credits in the ledger accounts can be verified through a (n) a. balance sheet b. trial balance c. chart of accounts d. income statement

Coronado Shoes Fool Inc. is involved in litigation regarding a faulty product sold in a prior year. The company has consulted with its attorney and determined that it is possible that they may lose the case.

Suppose during 2014 that Federal Express reported the following information (in millions) : net sales of $35,497 and net income of $98.

During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.

Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).