A mechanism by which a company is reimbursed for any loss that occurs when an employee commits fraud is called a:
A. segregation of duties
B. fidelity bond
C. personnel planning control
D. termination control plan
Answer: B
You might also like to view...
What is a marketing plan?
What will be an ideal response?
Due to an increased risk of heart disease many doctors have suggested shifting our diet to include more unsaturated fats and less saturated fats. As you cook dinner tonight the recipe calls for two Tbs of oil. Which of the following would be the healthiest choice?
A. olive or safflower oil B. lard that was left out at room temperature C. pork fat D. melted butter E. All of these choices are saturated fats.
On June 16, 2018, Evergreen Company wrote off the $200 receivable from customer M. Simmons. On October 14, 2018, Evergreen unexpectedly receives $200 cash from M. Simmons. How should Evergreen record the $200 payment from M. Simmons? Evergreen uses the allowance method.
A) Debit Cash and credit Bad Debts Expense B) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons C) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons D) Debit Cash and credit Allowance for Bad Debts
Which of the following is true for an auction with reserve?
A) The seller retains the right to refuse the highest bidder. B) Invitations to make an offer are not allowed. C) Goods cannot be withdrawn from sale after the offer has been made. D) A bid once made cannot be withdrawn and is legally binding.