Indicate Whether Each Business Practice Listed Below Strengthens (S) or Weakens

question 94

Essay

Indicate whether each business practice listed below strengthens (S) or weakens (W) a company's system of internal control.
_____
a. Discouraging employees from taking paid vacations
_____
b. Using banking facilities as much as possible
_____
c. Having employees bonded
_____
d. Conducting surprise audits of cash on hand
_____
e. Having one person open the mail
_____
_____ f. Having the receiving department compare goods received with goods ordered

---

Definitions:

Actual Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently purchasing power is falling, measured over a particular period.

Short-run Phillips Curve

A graphical representation that shows the inverse relationship between the rate of inflation and the rate of unemployment in an economy over a short period.

Farthest from Origin

In geometric terms, the point on a graph that is at the greatest distance from the origin, often used metaphorically to describe extreme or outlier conditions.

Phillips Curve Analysis

An economic concept that analyzes the inverse relationship between rates of unemployment and corresponding rates of inflation.