A Charity Sells Raffle Tickets at Community Events

question 65

Multiple Choice

A charity sells raffle tickets at community events. One ticket will be chosen to win a prize. The charity could reduce the risk of employee misappropriation of cash best by ________.

• A) insuring all employees with fidelity bonds
• B) counting all cash in the presence of two people as soon as it comes back to the charity's offices
• C) having auditors conduct surprise cash counts at the community events
• D) using pre-numbered tickets and accounting for all ticket numbers

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Definitions:

Power of Attorney

A legal document granting one person (the agent) the power to act on behalf of another (the principal), especially in legal or financial matters.

Legal Documents

Written materials that are officially recognized and enforce certain rights or obligations.

Agent

An individual or entity authorized to act on behalf of another, often in a business or legal matter.

Principal-Agent

Refers to a relationship where one party (the principal) grants authority to another party (the agent) to act on their behalf in transactions or other matters.