Stewardship is the term used to refer to management's role in protecting an entity's economic resources from theft, fraud and wastage.

Question

Quizplus · Accepted Answer

Stewardship is indeed the term used to describe management's responsibility for protecting an organization's assets from harm or loss. This includes taking steps to prevent theft, fraud, or waste, as well as ensuring that resources are used in an efficient and effective manner to achieve the entity's objectives.

Stewardship Is the Term Used to Refer to Management's Role