Final answer:
The goal of assigning responsibilities so that related activities are assigned to two or more people is segregating duties. Segregating duties means dividing tasks and responsibilities among multiple individuals to minimize the risk of fraud or errors.
Step-by-step explanation:
The goal of assigning responsibilities so that related activities are assigned to two or more people is segregating duties. Segregating duties means dividing tasks and responsibilities among multiple individuals to minimize the risk of fraud or errors. This practice helps create a system of checks and balances where different individuals perform and oversee different aspects of a process.
For example, in accounting, it is common to segregate duties by having one person responsible for recording financial transactions, another person responsible for reconciling bank statements, and yet another person responsible for approving payments. By dividing these responsibilities, it becomes more difficult for any one individual to manipulate financial records without detection.
Segregating duties is an important practice to improve accountability, reduce the risk of errors or fraud, and ensure a healthier control environment within organizations.
Therefore, B. Segregating duties is correct option.