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Theory X assumptions relate to:
Improper Diversion
Refers to the unauthorized or illegal redirection of resources, funds, or assets for purposes other than those intended.
Internal Control
Procedures and policies implemented by a firm to protect its assets, ensure accurate and reliable financial reporting, promote operational efficiency, and encourage adherence to laws and regulations.
Segregation of Duties
A principle in accounting and corporate governance that aims to reduce the risk of error and fraud by dividing responsibilities among different individuals or departments.
Accounts Receivable
Financial obligations of clients or customers towards a business for received goods or services that are awaiting payment.
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