Vaughan Services hires a new accountant to maintain its petty cash fund. Although the employee possesses an accounting degree, he/she had been previously convicted of embezzlement. Which internal control procedure needs to be addressed in this situation?

A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents


B) competent, reliable, and ethical personnel

Business

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According to the mathematical theory underlying LP problems, the optimal solution to an LP problem will occur at ______.

A. one of the corner points of the feasible space B. all of the corner points of the feasible space C. any point inside the feasible space D. any point outside the feasible space

Business

Personal defenses are used to avoid payment to an ordinary holder of a negotiable instrument, but not to an HDC or a holder through an HDC.

Answer the following statement true (T) or false (F)

Business

Find evidence that supports (or questions) the explanations in the case study of Tesco’s effectiveness

What will be an ideal response?

Business

Although raster graphics are impractical for representing photo-quality images, they are preferred for creating and storing drawings.

Answer the following statement true (T) or false (F)

Business