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:

Brain Activation

The increase in blood flow and neural activity in specific regions of the brain in response to various tasks or stimuli.

Wage Increase

An upward adjustment in salary or wages, often given to employees based on performance, inflation, or market standards.

Subjective Well-being

An individual's personal assessment of their overall happiness and life satisfaction.

Relative Deprivation

The experience of feeling deprived of something to which one believes to have a right, particularly in comparison to others possessing it.