If Employees Are Bonded

question 91

Multiple Choice

If employees are bonded

• A) it means that they are not allowed to handle cash.
• B) they have worked for the company for at least 10 years.
• C) they have been insured against misappropriation of assets.
• D) it is impossible for them to steal from the company.

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Definitions:

Production Budget

An estimate of the total units that must be produced in a given period to meet sales and inventory needs.

Sales Budget

An estimate of the expected sales revenue and selling expenses for a specific period, used for planning and control purposes.

Sales Budget

An estimate of the total sales revenue a company expects to earn over a specific period, often used for planning and control purposes.

Sales

The revenue earned from selling goods or services to customers.