Hart Volunteers with Habitat for Humanity

question 36

Multiple Choice

Hart volunteers with Habitat for Humanity.When he is at a work-site,he is so engrossed in activity that he loses all sense of time and self-awareness.Hart is experiencing

• A)early-onset dementia.
• B)environmental mastery.
• C)self-efficacy.
• D)flow.

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Definitions:

Regular Audits

Periodic and systematic examinations of financial records and operations to ensure accuracy, compliance, and fairness.

Separation of Duties

A key internal control that involves dividing responsibilities among different people to reduce the risk of error or fraud.

Fraud

Dishonest or illegal trickery used to achieve financial or personal advantages.

Cashier Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, guaranteeing payment.