Chapter 8, Problem 3MC

What is the best way for owners of small businesses to maintain proper internal controls?

A. The owner must have enough knowledge of all aspects of the company and have controls in place to track all assets.

B. Small businesses do not need to worry about internal controls.

C. Small businesses should make one of their employees in charge of all aspects of the company, giving the owner the ability to run the company and generate sales.

D. Only managers need to be concerned about internal controls.