Mrs Smith Has Worked for Bosco Inc

question 235

Multiple Choice

Mrs. Smith has worked for Bosco Inc. for 20 years without taking a vacation. An internal control feature that would address this situation would be

• A) human resource controls.
• B) establishment of responsibility.
• C) physical controls.
• D) documentation procedures.

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Definitions:

Takeover

The acquisition of control of a company by another, through the purchase of a majority of its shares or through other strategies.

Acquisition

The act of one business securing the bulk or all of another company’s equity to take over control.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the company's equity.