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On a recent shopping excursion at a local Target store,Jim Krause went from aisle to aisle selecting the products he needed.He bought a variety of products,including shampoo,toothpaste,and several pairs of socks.Interestingly,the only salesperson Krause encountered was the person at the checkout counter.The checkout person at Target is would best be described as
Custody
The protective care or guardianship of someone or something, often used in the context of the legal guardianship of a child or the care of assets.
Records Keeping
The practice of maintaining and organizing records and documents, often for compliance and operational purposes.
Cash Drawer
A container or compartment within a cash register where cash from transactions is kept, often used in retail settings.
Internal Control
Processes and procedures implemented by a firm to safeguard assets, enhance the reliability of financial reports, and ensure compliance with laws and regulations.
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