An Example of the Internal Control Principle of Establishing Responsibility

question 41

Multiple Choice

An example of the internal control principle of establishing responsibility is:

• A)assigning each cash drawer to only one employee establishing responsibility.
• B)accepting only EFT payment because they are directly deposited into a company's bank account.
• C)comparing the total on the cash receipts list with the stamped deposit slip received from the bank.
• D)bonding employees.

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Definitions:

Internalize Values

The process by which individuals adopt and integrate the values, beliefs, and norms of a group or society as their own.

Intrinsically Rewarding

An activity or task that is fulfilling and satisfying in itself, without the need for external rewards or recognition.

Organizational Socialization

The process by which a new employee learns the norms, values, behaviors, and social knowledge necessary to become an integrated member of an organization.

Task Demands

The specific requirements or challenges associated with a job or task, including the physical and mental effort required.