In a Small Business, the Lack of Certain Separations of Duties

question 6

Multiple Choice

In a small business, the lack of certain separations of duties can best be overcome by

• A)bonding the employees.
• B)getting the owner actively involved.
• C)hiring only honest employees.
• D)holding one person responsible for a given set of transactions.

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Definitions:

Global

Pertaining to or involving the entire world; embracing all aspects of international relations, culture, and economic development.

Local Control

Pertains to the degree of authority and decision-making power retained at a local or regional level, as opposed to being centralized.

Job Sharing

When two or more employees perform the duties of one full-time position, each sharing the work activities on a part-time basis.

Temporary Layoffs

A situation where employees are suspended or laid off from their jobs for a period of time but are expected to return to their positions in the foreseeable future.