If a Business Fails to Meet Its Responsibilities to Its

question 249

Multiple Choice

If a business fails to meet its responsibilities to its employees, which of the following is likely to occur?

• A) There is reduced employee turnover.
• B) Employees believe it is easier to get ahead.
• C) More jobs are created.
• D) Employees do the minimum needed to get by.

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Definitions:

Cash Drawer

A container or compartment within a cash register where cash from transactions is kept, often used in retail settings.

Internal Control

Processes and procedures implemented by a firm to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.

NSF

An acronym standing for "Non-Sufficient Funds," indicating that a check cannot be honored due to inadequate funds in the payer's account.

Internal Control

Internal Control refers to the processes and procedures implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.