Storing Cash in a Company Safe Is an Application of Which

question 158

Multiple Choice

Storing cash in a company safe is an application of which internal control principle?

• A) Segregation of duties
• B) Documentation procedures
• C) Physical controls
• D) Establishment of responsibility

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Definitions:

Contingency Approach

A management theory that suggests the best way to organize and make decisions is dependent on the specific situation, emphasizing that there is no one best way to manage.

Managerial Responses

The actions or decisions taken by managers in reaction to internal or external factors impacting the organization.

Two-factory Theory

A psychological theory that proposes that human emotions consist of two components: physical arousal and a cognitive label that specifies the emotion.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, leading to a learned response.