Final answer:
Separation of duties involves spreading tasks and associated privileges for a specific security process among multiple people. The correct example is having one person approve a sales return and another issue credit to the customer.
Step-by-step explanation:
An example of separation of duties is c. using one person to approve a sales return and a different person to issue credit to the customer.
This practice is a fundamental element of internal controls within an organization's financial process to prevent fraud and errors.
Separation of duties ensures that no single individual has control over all aspects of a transaction, which can act as a deterrent for unauthorized activities and improve accuracy in record-keeping.
An example of separation of duties is c. using one person to approve a sales return and a different person to issue credit to the customer.
Separation of duties is a principle in business that involves dividing tasks and responsibilities among different individuals to provide checks and balances and prevent fraud or errors.
In this case, separating the approval of a sales return from the issuance of credit ensures that multiple people are involved in the process and reduces the risk of fraudulent or inappropriate credit issuance.