Since Notes Receivable Are Negotiable, Internal Control Procedures Must Be

question 33

True/False

Since notes receivable are negotiable, internal control procedures must be devised to protect them against fraud and theft.

---

Definitions:

Expectancy

The belief or anticipation that one's effort will result in achieving desired performance goals.

Instrumentality

The perceived likelihood that a certain level of performance will lead to achieving a desired outcome or reward.

Valence

the intrinsic attractiveness or aversiveness of an event, object, or situation, often influencing individuals' motivation.

Equity Theory

A theory of motivation that suggests individuals assess their own input-to-outcome ratios in comparison to others as a measure of fairness in relationships or work situations.