An Example of Good Internal Controls Over Cash Payments Is

question 13

True/False

An example of good internal controls over cash payments is the taking of all cash discounts offered.

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Definitions:

Legitimate Power

Authority that is recognized and accepted by others within an organization or society, often derived from a position or role.

Expert Power

The influence someone has over others due to their knowledge, skills, or experience in a particular area.

Group Goals

Objectives that are set and aimed to be achieved by a group working together.

Conscious Effort

The deliberate and intentional allocation of mental or physical energy to achieve a specific goal.