When One Party Attempts to Win at the Expense of the Other

question 18

Multiple Choice

When one party attempts to win at the expense of the other, it is called a

• A) win-lose strategy.
• B) lose-lose strategy.
• C) win-win strategy.
• D) win-back strategy.

---

Definitions:

Safeguarding Assets

Refers to the actions and policies put in place by an organization to protect its assets from theft, damage, or misuse.

Voucher System

A method of accounting in which documents are used to authorize and record transactions.

Cash Receipts

Money received by a business from its operations, including cash sales and collections on credit accounts.

Bank Reconciliation

The process of comparing and adjusting the balance of an account as reported by a bank to the balance in a company’s financial records.