If you are looking for a true or false answer then the answer is true
Answer:
Segregation of duties
Explanation:
Segregation of duties is a system of internal control practice where tasks are broken down into different steps with different individual or department handling different steps.
The aim is to provide an oversight and review of action to minimize frauds and errors. With this method , it becomes difficult for an individual to perpetrate and conceal fraudulent activities.
The breaking down of recording and approving transaction between the employee and the supervisor conforms with the practice of segregation of duties.
Answer: b. Core competencies
Explanation: A company's core competencies are the characteristics of the company that makes them stand out from competition. In other words, they are combination of multiple resources, knowledge, expertise and skills that differentiates them in the marketplace thereby forming a basis for competitiveness.
To be classified as a core competency, the activity must provide superior value or benefits to the end-user, should be difficult to replicate or imitate by a competitor and sometimes rare.
NOUN
something pledged as security for repayment of a loan, to be forfeited in the event of a default
ADJECTIVE
additional but subordinate; secondary.
