_____ Control Is Based on Manager Observation of Employee Actions

question 60

Multiple Choice

_____ control is based on manager observation of employee actions to see whether the individual follows desired procedures and performs tasks as instructed.

• A) Outcome
• B) Behavior
• C) Financial
• D) Knowledge

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Definitions:

Holder in Due Course

A legal term referring to a party that has acquired a negotiable instrument, like a check, in good faith and has the right to collect the face value of the instrument without any defenses.

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

Real Defense

In negotiable-instruments law, any defense that can be used against everyone, including holders in due course. Also called absolute defense and universal defense.

Duress

An action by one party that forces another party to do what need not be done otherwise.