Which of the Following Administrative Policy Controls Requires Individuals or Organizations

question 156

Multiple Choice

Which of the following administrative policy controls requires individuals or organizations to be engaged in good business practices relative to the organization's industry?

• A) Segregation of duties
• B) Separation of duties
• C) Need to Know
• D) Due care

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Definitions:

Risk Of Loss

The potential for an asset to be lost, damaged, or destroyed, impacting its owner's financial position.

Goods-In-Bailment Contract

An agreement where personal property is transferred temporarily into the custody of another for a designated purpose.

Negotiable Document

A document guaranteeing the transfer of certain rights which can be transferred from one party to another through endorsement or delivery.

Nonnegotiable Document

A legal or official document whose terms and conditions cannot be altered or bargained over.