Bumble Beasley Was Attempting to Improve Internal Controls Over His

question 14

Essay

Bumble Beasley was attempting to improve internal controls over his firm's sales / collection process. He completed the following tasks in the order listed, but made several errors. Revise each statement based on Steps for Better Thinking.
A. Read one general article about the importance of internal control.
B. Focus on the costs of physical and technical controls in the sales / collection process.
C. Make a list of three cost categories common to physical and technical controls in the sales / collection process.
D. Implement the two least expensive physical and two least expensive technical controls.
E. Write a report summarizing his work; store it in a three-ring binder on his office bookshelf.

---

Definitions:

American Indian Mascots

Controversial symbols or names used by sports teams that caricature Native American cultures and identities.

Racial Democracy

A term often used to describe a society where racial and ethnic inclusiveness and equality are ostensibly upheld, often masking systemic inequalities.

Institutional Action

Actions taken by established institutions aimed at achieving specific goals or enforcing policies.

Jim Crow Era

A period in American history marked by racial segregation and discriminatory laws against African Americans.