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Alex_Xolod [135]
3 years ago
6

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?
Business
1 answer:
timama [110]3 years ago
5 0

Answer: Competent, reliable, and ethical personnel.

Explanation:

Vaughan Services needs to follow competent, reliable and ethical personnel procedure to addressed this type of situation.

Competent characteristic tell us about the employee skills, knowledge and capability or ability of doing some work successfully.

Reliable characteristic tell us about the employee performance, quality and trustworthy or not.

Ethical personnel tells us about the employee's behavior towards the other people, responsibilities towards work and how much he is committed towards work.

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Answer:

So you are apprehensive that you might be physically safer after the surgery, but that your partner might not feel the same way about you?

4 0
4 years ago
Generally, regardless of threat or vulnerability, there will ____________ be a chance a threat can exploit a vulnerability.
ehidna [41]

Answer:

The correct answer is letter "C": always.

Explanation:

Vulnerability management is responsible for the prevention, identification, and elimination of threats that might exploit vulnerabilities in a software system. After the threat has obtained unauthorized access, the threat will damage or destroy the software and no matter how big the software's weakness is, a threat will exploit it.

4 0
4 years ago
Match the definition with the term.
RSB [31]

Answer:

a. It is a collection of all accounts with their activity and balances that exist in a business.  - A general ledger

The General Ledger is the central record in an accounting system and contains a record of all financial transactions in the company.

b. It is a book of original entry that includes a chronological record of all transactions that Have occurred within a business during a period occurred. - A Journal

When a transaction takes place in a business, it is recorded first in a Journal. As such, a journal contains a chronological record of all transactions that have occurred within a business during a period occurred.

c. It is a list of each account and its balance at any given time and is used to verify that debits = credits . - Trial Balance

The Trial Balance helps a business balance its debits and credits by listing them so then equating them to verify that indeed the debits match the credits.

d. It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account . - A chart of accounts

3 0
3 years ago
At Afterbadge, a chain of stores that sells computer accessories, all the marketing activities are planned at the company headqu
Anna11 [10]

Answer:

The correct answer is letter "B": Centralization of authority.

Explanation:

Centralization of authority takes place in companies where high-rank executives take most or all the decisions regarding the operations. Employees voice is not heard under this approach. Managers tend to implement this strategy when they pretend to minimize the percentage of mistakes incurred in the firm. The organization of the company tends to be bureaucratic.

8 0
3 years ago
Multinational enterprises (MNEs) have an impact far beyond their firm boundaries. Assume you are working for a small firm that s
In-s [12.5K]

Answer:

Multinational enterprises (MNEs)

Relationship Change as the MNE moves from Globalization 2.0 to Globalization 3.0 operations:

This move means that Indian and Chinese companies would be competing with my local small firm.  The MNE may be looking for cheaper prices for my company's products and services, which the Indian and Chinese companies would more efficiently supply it.  My firm may be on the precipice of liquidating if this MNE is our major customer.  My firm must move fast to become more competitive by differentiating our products and services with better quality and perhaps reduced production costs, to enable it compete more favorably with the Indian and Chinese competitors.  Otherwise, we may regard the relationship as nearing its end and prepare for other opportunities with other companies.

Explanation:

Globalization reduces national boundaries by integrating national economies into a globalized economy, thus enabling companies to compete globally for financial resources, goods, and services.  When Globalization 1.0 happened, countries were globalized and the world became a global village.  When Globalization 2.0 from which the G7 profited largely, companies were globalized.  With the current Globalization 3.0, individuals are being globalized, and the highest beneficiaries are Indian and Chinese nationals who appear better prepared to take on the world, garner most of the important resources to themselves, and call the shots from the boardrooms.  An example is Microsoft's current CEO, Satya Nadella, who is an Indian-American.

4 0
3 years ago
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