In Establishing a Strong Internal Control System at Banks Company,management

question 72

Multiple Choice

In establishing a strong internal control system at Banks Company,management is concerned with administrative controls.Administrative controls include:

• A)performance evaluation
• B)accuracy of the recording procedures.
• C)keeping cash in a safe.
• D)maintenance of accurate inventory records.

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Definitions:

Cultural Pluralism

A concept where small groups within a larger society maintain their unique cultural identities, and their values and practices are accepted by the wider culture provided they are consistent with the laws and values of the wider society.

Cultural Assimilation

The process by which individuals or groups from differing cultural backgrounds come to adopt the dominant culture's norms and values.

Mismanagement

The action or practice of managing an organization or activity poorly, leading to negative outcomes.

Organizational Culture

Organizational Culture is the collective values, beliefs, and behaviors that shape the social and psychological environment of a business, influencing how employees interact and work.