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:

Coalbrookdale Bridge

The first cast-iron arch bridge, opened in 1781 in Shropshire, England, marking a significant point in the development of engineering and the use of iron in construction.

Cast Iron

A type of iron that is highly carbonized, making it notably hard and brittle, used extensively in construction and cookware.

Severn River

A major river in the United Kingdom, notable for being the longest in Great Britain, flowing through Wales and England.

Grand Tour

A traditional trip through Europe undertaken by mainly upper-class European young men of means, to finish their education in the 17th to 19th centuries.