Briefly Describe How the Organizational Context Can Have an Influence

question 161

Essay

Briefly describe how the organizational context can have an influence on the ethical behavior of individual participants in the organization.

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Definitions:

Cash Payment

Cash Payment involves the transfer of cash from one party to another as a form of settlement of a transaction or an obligation.

Voucher

A document that acts as evidence of a financial transaction, authorizing payment or receipt of money.

Accounts Payable

Financial obligations or debts owed by a business to its suppliers or creditors for goods and services received.

Cash Payments Journal

An accounting journal used to record all cash payments, including expenses and creditor payments.