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Homework answers / question archive / Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them: a) increases the potential for errors and fraud

Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them: a) increases the potential for errors and fraud

Business

Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them:

a) increases the potential for errors and fraud.

b) decreases the potential for errors and fraud.

c) is an example of good internal control.

d) is a good example of safeguarding the company's assets.

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