The Responsibility for Keeping the Records for an Asset Should

question 72

True/False

The responsibility for keeping the records for an asset should be separate from the physical custody of that asset.

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Definitions:

Contract

A legally binding agreement between two or more parties that is enforceable by law.

Environmental Performance

Refers to an organization’s impact on the environment, including the ways in which it manages resources and waste to mitigate harmful effects.

Cost Reductions

Strategies and actions taken to lower expenses and improve efficiency.

Materials Recovery Programs

Initiatives or practices aimed at collecting, processing, and repurposing materials to prevent waste and conserve resources.