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:

Performance Measurement

The process of evaluating the efficiency and effectiveness of actions or operations within an organization or system.

Supply Chain Management

The oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer.

Right Product

Ensuring that the correct product is selected based on customer needs, market demands, and business objectives.