Question

Employees are required to take vacations. 2. Any member of the sales department can approve credit sales. 3. Paul Jaggard ships goods to customers, bills customers, and receives payment from customers. 4. Total cash receipts are compared to bank deposits daily by someone who has no other cash responsibilities. 5. Time clocks are used for recording time worked by employees.

Answer 1

Answer:

1. This is an example of the practice of good human resource principles

2.This is an example of poor establishment of responsibilities

3. This is an example of lack of segregation of duties

4. This is an example of independent internal verification

5. This is an example of the practice of physical control

Explanation:

1. Employees are required to take vacations.

This is an example of the practice of good human resource principles

2. Any member of the sales department can approve credit sales.

This is an example of poor establishment of responsibilities

3. Paul Jaggard ships goods to customers, bills customers, and receives payment from customers.

This is an example of lack of segregation of duties

4. Total cash receipts are compared to bank deposits daily by someone who has no other cash responsibilities.

This is an example of independent internal verification

5. Time clocks are used for recording time worked by employees.

This is an example of the practice of physical control