Federal Systems Are Always Decentralized, and Unitary Systems Are Always

question 14

True/False

Federal systems are always decentralized, and unitary systems are always centralized.

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Definitions:

Cash Control

Includes the methods and procedures that are implemented to monitor, manage, and protect the company's cash transactions and balances.

Safeguarding Cash

Implementing measures and controls to protect cash assets from theft, fraud, or misuse.

Contractual Restrictions

Limitations placed on transactions, operations, or activities that are outlined in a legal contract between parties.

Negotiable Checks

Checks that can be converted to cash or equivalent by the holder, allowing for easier transactions and liquidity.