One of Your Friends Is Preparing to Open a Store

question 19

Essay

One of your friends is preparing to open a store that will sell outdoor gear. When you heard that the business would have three or four employees, you told your friend that she would need to pay careful attention to segregation of duties. She has asked you to explain what duties should be separated and why segregation of duties is important in a business. Write a note to your friend explaining these issues.

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Definitions:

Peanut Butter

A food paste or spread made from ground dry roasted peanuts, often containing additional ingredients that modify its taste or texture.

Jelly

Jelly is a clear or translucent fruit spread made from sweetened fruit juice and set with gelatin or pectin.

Marginal Utility

The extra pleasure or benefit gained by a consumer from having an additional unit of a product or service.

Rutabagas

A root vegetable, often confused with turnips, known for its purple skin and yellow flesh; used in cooking for its mild, sweet flavor.