Explain some internal control procedures that a fast food restaurant like McDonald's may use to control cash receipts
Each cashier should start with his or her own cash drawer, with the manager noting the amount of cash in the drawer at the beginning of each shift. The cash should be counted when the cashier ends work. The manager should take a cash register reading and reconcile this reading with the amount of cash reported in the drawer at the end of the shift. The manager should also observe the activities of the cashiers from time to time during their shifts. It may not be possible to achieve a complete segregation of duties, as the manager likely will be responsible for depositing cash and reconciling cashier drawers.
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The Consumer Product Safety Commission (CPSC) is empowered to issue product safety standards that may (1) involve the performance of consumer products or (2) require product warnings or instructions.
Answer the following statement true (T) or false (F)
Karen contacts the IRS Whistleblower Office to report on tax fraud in excess of $5 million annually by her company. What process will this trigger?
a. a public investigation of the company by the IRS Whistleblower Office b. removal of Karen from the company for her own protection c. a routine audit of the company by the IRS d. a notification of company leadership of the complaint in hopes the company will volunteer information about the fraud
Compare and contrast the labor unions in the United States and those in Sweden
What will be an ideal response?
People find that their project management responsibilities contract as they move up the organization's hierarchy.
Answer the following statement true (T) or false (F)