​To Incentivize a Salaried Manager at a Company Store to Work

question 59

Multiple Choice

​To incentivize a salaried manager at a company store to work harder,the management should

• A)​Offer the manager the franchise
• B)Offer the manager a raise
• C)Centralize all decision-making
• D)​None of the above

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Definitions:

Fraud Committee

A group formed within an organization tasked with overseeing the detection, investigation, and prevention of fraudulent activities and ensuring financial integrity.

Segregation of Duties

An internal control measure that involves dividing responsibilities among different people to reduce the risk of error or inappropriate actions in financial transactions.

Authorize and Pay

The process of approving financial transactions or disbursements and executing the payment accordingly.

Control Principle

An accounting principle that states the need for procedures and measures to regulate and ensure the accuracy of financial records.