A Company Has a Requirement That Any Manager Who Receives

question 83

Multiple Choice

A company has a requirement that any manager who receives a gift from any of the company's customers worth more than $25 must report this gift to the company's human resources department.This is an example of a:

• A) tactical plan
• B) rolling plan
• C) policy
• D) rule
• E) single-use plan

---

Definitions:

Assets Safeguarded

Measures or controls implemented to protect a company’s assets from theft, damage, or misuse.

Internal Control System

A system within an organization that directs, monitors, and measures its resources and processes to achieve objectives, such as financial reliability, operational efficiency, and compliance with laws and regulations.

Control Environment

The set of standards, processes, and structures that provide the basis for carrying out internal control across the organization. It sets the tone for the importance of internal control and influences the control consciousness of its people.

Proofs And Security Measures

Proofs and security measures refer to the techniques and processes employed to verify the accuracy of financial information and protect it against theft, fraud, and other risks.