Public Policy Consists of the Principles Inherent in the Customs

question 14

True/False

Public policy consists of the principles inherent in the customs, morals, and notions of justice that prevail in a state; the foundation of public laws; the principles that are naturally and inherently right and just.

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Definitions:

Negligent Performance

The failure to act with the level of care that someone of ordinary prudence would have exercised under the same circumstances, resulting in harm or damage.

Actual Knowledge

Awareness of a fact or circumstance based on firsthand experience or explicit information; not based on hearsay.

Illegal Payment

A transaction involving money or value that is made in violation of the law or regulatory rules.

Audit

A systematic review and assessment of information or documents, often referring to financial accounts, to ensure accuracy and compliance with laws and regulations.