What Are Some of the Problems in Establishing an Internal

question 37

Essay

What are some of the problems in establishing an internal control system in small business?
A.Separation of functional responsibilities would be difficult because of the small number of employees.
B.The owner manager has to assume a greater role to oversee and supervise authorization,recordkeeping,and custodial functions.
C.The owner manager must be diligent,competent,and have a high degree of integrity.

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Definitions:

Nature Versus Nurture

The ongoing debate regarding the relative contributions of genetic inheritance and environmental factors to human development.

Aggressive

Exhibiting forceful behavior or attitudes with the intention to dominate or harm others.

Longitudinal

A research design in which the same subjects are observed for an extended period to detect any changes that may occur over time.

Cross-Sequential Design

is a research method that combines both longitudinal and cross-sectional designs to study changes over time in different cohorts.