Bonding Involves All of the Following except

question 135

Multiple Choice

Bonding involves all of the following except

• A)The company obtains insurance protection against misappropriation of assets by a dishonest employee.
• B)The insurance company screens employees before they are added to the policy.
• C)The company informs employees that the insurance company will vigorously prosecute all offenders.
• D)Employees do not commit inappropriate acts because of the threat of prosecution and their loyalty to the employer.

Grasp the fundamental principles of debits and credits in accountancy.

Identify the elements and organization of accounts within a ledger.

Recognize the role of accounts payable and accounts receivable in business transactions.

Understand the process of recording cash transactions and their impact on the cash account.

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Definitions:

Organization Norms

Shared expectations and rules that guide behavior of members within an organization, shaping the organization's culture and dynamics.

Identification

The process by which an individual aligns themselves with specific qualities, values, or traits of another person or group, influencing their behavior and sense of self.

Boss's Wishes

The desires or directives expressly stated or implied by one's supervisor or manager within a workplace setting.

Conforming

The act of aligning one's attitudes, beliefs, and behaviors with group norms or expectations.