____ Proper segregation of functional responsibilities calls for separation of the functions of: A. Authorization, execution, and payment B. Authorization, recording, and custody C. Custody, execution, and reporting D. Authorization, payment, and recording ____ When similar transactions are grouped together for a specified time for processing, it is called: A. Online processing B Real-time processing C. Batch processing D. Group processing ___ Which of the following is not one of the general categories of business processes? A. Revenue Processes B. Inventory Processes C. Expenditure Processes D. Conversion Processes ___ which of the following correctly states the order of steps in a manual accounting system? A. Source Documents. Journals, Ledgers, Reports B. Journals, Source Documents, Ledgers, Reports C. Source Documents. Ledgers, Journals, Reports D. Ledgers, Reports, Journals, Source Documents ___ The record that captures the key data of a transaction is called: A. Turnaround document B. Ledger C. Journal D. Source document ___ COSO describes five components of internal control. Which of the following terms is best described as "policies and procedures that help ensure management directives are carried out and management objectives are achieved"? A. Risk assessment B. Information and communication C. Control activities D. Control environment