The bonding of employees is an example of which feature of a good system of internal control?
a. Authorization of transactions
b. Limited access to assets
c. Sound personnel policies
d. Separation of duties
C
You might also like to view...
Which of the following variations of the retail inventory method would generally result in the lowest cost-to-retail ratio in a period of rising prices?
A. FIFO B. LIFO C. average cost D. lower of average cost or market
What does the term people marketing mean?
What will be an ideal response?
Anita, in violation of a specific agreement not to extend credit over $1,000 without the other partners' approval, extends credit of $2,000 to a friend. Anita will be held personally liable to the partners for any unpaid debt since she violated the duty of obedience
a. True b. False Indicate whether the statement is true or false
Which author is the first to use the phrase ‘New Pay’ (where remuneration needs to be linked to business strategy and corporate objectives) in 1990?
a. Guest b. Lawler c. Rees d. Armstrong