In the Following Situation,which Internal Control Procedure Needs Strengthening? Hofstra

question 88

Multiple Choice

In the following situation,which internal control procedure needs strengthening? Hofstra Services hired a new clerk to keep custody of and maintain all the equipment in the equipment yard.That employee has not yet been adequately trained on the maintenance needs of the equipment.

• A)Documents and records
• B)Separation of duties
• C)Competent,reliable and ethical personnel
• D)Assignment of responsibilities

---

Definitions:

Organic

Relating to or derived from living matter; in business, it often refers to growth or processes that occur naturally within the organization.

Technical Skills

The specific knowledge and abilities required to perform tasks related to science, engineering, technology, or other specialized fields.

Market Survey

A research method used to collect information about consumers' needs and preferences in a specific market.

Business Plan

A detailed document outlining the strategy, objectives, financial projections, and operational guidelines for a business to achieve its goals.