As a Business Grows and the Owner Must Rely More

question 32

Multiple Choice

As a business grows and the owner must rely more on others to help in managing operations, internal control becomes:

• A) unnecessary.
• B) less important.
• C) more important.
• D) business growth has no effect on the importance of internal control.

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Definitions:

Cross-Train

The process of teaching an employee who was hired to perform one job function the skills required to perform other job functions.

Employee Mix

The composition of a workforce in terms of the variety of employees, including their skills, experiences, and backgrounds.

Remedial Training

Training programs designed to improve skills and competencies in employees who exhibit deficiencies in their job performance.

Disciplinary Action

A process or measures taken by management to correct or penalize employees for not adhering to job performance standards or workplace policies.