The Use of Fidelity Bonds Protects a Company from Embezzlement

question 35

Multiple Choice

The use of fidelity bonds protects a company from embezzlement loses and also:

• A)Minimizes the possibility of employing persons with dubious records in positions of trust.
• B)Reduces the company's need to obtain expensive business interruption insurance.
• C)Allows the company to substitute the fidelity bonds for various parts of internal control.
• D)Protects employees who made unintentional errors from possible monetary damages resulting from such errors.

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Definitions:

Price Of Potatoes

The cost per unit at which potatoes are sold or bought in the market, affected by factors like supply, demand, and production costs.

Horizontal Axis

The x-axis in a graph or chart, typically used to represent the independent variable or to plot time or specific categories.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices and within a specific budget.

Price Of Cup

The amount of money required to purchase a cup, which can vary based on the cup's material, design, and the location of purchase.