​_____ Is the Condition That Exists When One Party Has

question 16

Multiple Choice

​_____ is the condition that exists when one party has confidence in an exchange partner's reliability and integrity.

• A)Obeya
• B)​Trust
• C)​Keiretsu
• D)Commitment

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Definitions:

Internal Control

Protocols and processes designed by a business to secure the authenticity of its financial and accounting information, enhance accountability, and impede fraudulent operations.

Control Environment

The set of standards, processes, and structures that provide the foundation for carrying out internal control across the organization.

Proofs And Security Measures

Protocols and systems implemented to protect data, transactions, and assets against unauthorized access, theft, or modification.

Petty Cash Fund

A petty cash fund is a small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.