Match the Following Terms with Their Correct Definitions

question 4

Multiple Choice

Match the following terms with their correct definitions.
-Policies and procedures established by top management to help ensure that the company's accounting system and financial statements are as accurate as possible

• A)Accounting system
• B)Business process risks
• C)Control activities
• D)Control environment
• E)Internal control system
• F)Safeguarding
• G)Segregation of duties
• H)Strategic risks

---

Definitions:

Jurisdictional Dispute

A disagreement stemming from the question of which court or administrative body has the legal authority to preside over a particular case or issue.

Recognition Dispute

A disagreement arising from the failure to acknowledge or accept the status, rights, or conditions of a party in a legal or formal context.

Bargaining Process

The negotiation between parties, such as unions and employers, to reach agreement on terms of employment.

Good Faith

The honest intent to act without taking an unfair advantage over another party, often required in contractual agreements.