An Effective System of Internal Control Requires That at Least

question 26

True/False

An effective system of internal control requires that at least two individuals be assigned to one cash drawer so that each can serve as check on the other.

---

Definitions:

Retirement

The period in someone's life when they choose to permanently leave the workforce behind, often supported by pensions or savings.

Corporate Human Capital

The collective skills, knowledge, and experience possessed by an organization's workforce.

Local Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to the local community or economy.

Meganational Companies

Refers to large corporations that operate in several countries around the world, often influencing local economies and cultures.