Explain how to effectively segregate duties in the sales order activity
What will be an ideal response?
Answer: Sales orders should be recorded by sales personnel. Credit decisions should be made by the credit manager, not sales personnel. Also, sales orders authorize release of goods to shipping. Warehouse and shipping should be separate from sales. Because a computer does recording and authorization, it is important to ensure integrity of the programs and to perform edit checks on any online entries.
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The ________ vacation plan provides an increase in the number of weeks of vacation according to length of service
a. uniform b. ratio-to-work c. funded d. graduated
Because of her children's immediate financial needs, your aunt Marsha has decided to switch some of her money to high-grade utility company stocks
Her reasoning is that these ________ stocks generally pay relatively high dividends that she will be able to give to her children as they need assistance. A) growth B) blue-chip C) income D) cyclical E) safe