Sharon Is the Receptionist and Office Manager for the Best

question 79

Essay

Sharon is the receptionist and office manager for The Best Construction Company. Sharon handles all of the office duties including billing, cash receipts, payroll, depositing checks and preparing the monthly bank reconciliation. She also prepares all of the checks for disbursements and is an authorized signer on all checks under $25,000. For checks above this amount, two signatures are required. She has been a trusted employee of The Best Construction Company for many years, but still makes just a small amount above minimum wage. She is even the godmother to two of the owner's children and often watches them while their parents go on exotic vacations. Sharon is such a good employee that she rarely takes vacations. Since the owner trusts her completely, he concentrates on the construction business and leaves all of the office work to Sharon. He would never interfere with her work since he has very little accounting knowledge. Sharon has recently become a grandmother and enjoys buying her grandchildren expensive toys and clothes. She has just bought a new Hummer for herself and an exclusive condo in the Virgin Islands.
What are the five basic control procedures for any class of transactions? Using these five basic control procedures, what can be done to strengthen the internal control procedures for The Best Construction Company?

Understand the importance of setting realistic goals and action plans in counseling.

Recognize the significance of brief interventions and their objectives.

Grasp the qualities necessary for being an effective helper.

Know the importance of informed consent and continuous assessment throughout the counseling process.

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Definitions:

Labor Cooperation

A concept where employers and employees work together towards common goals, often leading to improved productivity and workplace harmony.

European Works Councils

Bodies representing the employees of multinational companies in Europe, facilitating the exchange of information and consultation on matters affecting workers in different countries.

Collective Bargaining

The process by which employers and unions negotiate wages, hours, and working conditions on behalf of the employees represented by the union.

North American Free Trade Agreement

An important trade deal aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace, also known as NAFTA.