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Which aspect is crucial to establish effective segregation of duties in the purchasing operations of an organization?
  • a)
    Having a single person in control of all buying activities.
  • b)
    Assigning related buying functions to different people.
  • c)
    Authorizing purchases without proper documentation.
  • d)
    Allowing personal use of goods purchased by employees.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which aspect is crucial to establish effective segregation of duties i...
Effective segregation of duties involves assigning different buying functions to separate individuals. This helps prevent unauthorized or unnecessary purchases, improper charges, and maintains a system of checks and balances. No single person should have complete control over all buying activities to reduce the risk of errors or fraud.
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Which aspect is crucial to establish effective segregation of duties in the purchasing operations of an organization?a)Having a single person in control of all buying activities.b)Assigning related buying functions to different people.c)Authorizing purchases without proper documentation.d)Allowing personal use of goods purchased by employees.Correct answer is option 'B'. Can you explain this answer?
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Which aspect is crucial to establish effective segregation of duties in the purchasing operations of an organization?a)Having a single person in control of all buying activities.b)Assigning related buying functions to different people.c)Authorizing purchases without proper documentation.d)Allowing personal use of goods purchased by employees.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which aspect is crucial to establish effective segregation of duties in the purchasing operations of an organization?a)Having a single person in control of all buying activities.b)Assigning related buying functions to different people.c)Authorizing purchases without proper documentation.d)Allowing personal use of goods purchased by employees.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which aspect is crucial to establish effective segregation of duties in the purchasing operations of an organization?a)Having a single person in control of all buying activities.b)Assigning related buying functions to different people.c)Authorizing purchases without proper documentation.d)Allowing personal use of goods purchased by employees.Correct answer is option 'B'. Can you explain this answer?.
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