Maintain the Presence of a Manager or Supervisor near the Area

question 50

Multiple Choice

Maintain the presence of a manager or supervisor near the area of the cash register as a deterrent to theft is a prevention for:

• A) Fraudulent statement scheme
• B) Asset misappropriation scheme
• C) Larceny scheme
• D) Register disbursement scheme

---

Definitions:

Financial Accounting

Financial accounting is the branch of accounting that focuses on the preparation of financial statements for external users, such as investors and creditors.

Deficit

A situation where expenses exceed revenues, or liabilities exceed assets.

Retained Earnings

Net earnings not distributed as dividends but reinvested back into the company or kept as a reserve for future use.

Net Loss

The amount by which a company's expenses exceed its revenues over a specific period, indicating a decrease in net assets.