When stiff restrictions on hiring, compensation, work hours and related rules are enforced, the labor-marketO Highly flexible.O Moderately flexibleO Less flexible.OInflexible

Answered: When stiff restrictions on hiring,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Mark Kershey, a former Smucker employee, was charged with defrauding the JM. Smucker Company of more than $4.1 million over a 16-year period. Charges were filed in October 2014 in 2015. Kershey was sentenced to nearly five years in prison. (Click the icon to view additional information) Read the requirements Requirement 1. What internal controls could have been used to prevent Kershey from carrying out the false billing scheme? Kershey should not have been allowed to approve the invoices An annual independent audit by might possibly select some of these invoices for inspection and verification The internal audit department at Smucker should audit off-site employees. There should have been separation of duties the company's CPA Requirement 2. What factors might have contributed to the weak internal control environment that allowed this scheme to exist for 16 years? (if an input field is not used in the table, leave the field empty, do not select an answer) Lack of: job rotation proper…
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Some employers will pay out employees for any unused sick-leave entitlements if they leave the organisation, whereas in other organisations employees forfeit this entitlement when they leave. Explain how these different types of sick-leave entitlements are treated for accounting purposes.
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Some job seekers approach prospective employers directly. This process is called Prospecting. a. True b. False
What are minimum acceptable qualifications that a person should possess to perform a particular job? Job specification Qualifications outline Employee qualification guide Job description
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When stiff restrictions on hiring, compensation, work hours and related rules are enforced, the labor- market