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Crazy boy [7]
2 years ago
11

Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th

e company’s expenses, records the company’s transactions, and rarely takes vacation.
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice?
Business
1 answer:
aivan3 [116]2 years ago
7 0

<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

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3 years ago
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Answer:

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Since a sole proprietorship is the most basic type of business, it is easy to create and probably the most common type of business in the whole world. For example an accountant or a lawyer setting up an office, or even a housewife selling handicrafts through Ebay.  

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3 years ago
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vladimir2022 [97]

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Marketing mix

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