Sam's Grocery Store Has the Following Policy

question 162

Multiple Choice

Sam's Grocery Store has the following policy.'Only one cashier can have access to a cash drawer.' Which internal control principle supports this policy?

• A)Documentation procedures.
• B)Segregation of duties.
• C)Physical controls.
• D)Establishment of responsibilities.

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Definitions:

Aggregate Plan

A planning methodology aimed at determining overall output levels in the medium term, typically involving production, inventory, and workforce levels.

Overtime Cost

The extra expenses incurred by employers for work performed by employees beyond their regular working hours, often paid at a higher rate.

Inventory Holding Cost

The total cost of storing and managing a company's inventory over a certain period, including warehousing, depreciation, obsolescence, and insurance.

Transportation Method

A type of linear programming problem that focuses on finding the most efficient allocation of resources to minimize the cost of transportation.