Separating the Custody of Assets from Accounting Implies That the Accountants

question 75

True/False

Separating the custody of assets from accounting implies that the accountants must not handle cash and the cashier must not have access to the accounting records.

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Definitions:

Political Model

A framework for understanding organizational decision-making that emphasizes power, conflicting interests, and the use of negotiation and alliances to achieve objectives.

Ethical Principles

Fundamental guidelines or values that dictate the conduct considered correct or moral in a particular society, organization, or profession.

Distributive Justice Principle

A principle concerned with the fair distribution of benefits and burdens among members of a society or group.

Organizational Creativity

The ability of a company or group to generate innovative ideas and solutions.