The Procedures Adopted by a Business to Safeguard Its Assets

question 8

Multiple Choice

The procedures adopted by a business to safeguard its assets, promote the reliability of accounting data and encourage compliance with management policies are:

• A) physical controls.
• B) cash budgets.
• C) internal controls.
• D) bank reconciliations.

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Definitions:

Equity Theory

Posits that people will act to eliminate any felt inequity in the rewards received for their work in comparison with others.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, often driven by internal or external factors.

Content Theories

Theories in psychology that focus on understanding the specific factors that motivate individuals.

Cognitive Processes

Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, problem-solving, and decision-making.