Examlex
Indicate whether each of the following statements regarding internal controls is true or false.
-Cash receipts should be deposited in a bank on a periodic basis such as once a week
Person's Gain
Relates to the benefits or advancements a person realizes from a certain action or situation.
Person's Loss
Refers to the negative impact or detriment one experiences due to various reasons, such as job loss, demotion, or personal setbacks.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
Intellectual Assets
Intangible resources of an organization such as patents, trademarks, business methodologies, and trade secrets that provide a competitive edge.
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