For the following situation, state whether it represents a strength or weakness in internal control and give the reason for your answer
Second National Bank requires mandatory vacations and job rotation.
What will be an ideal response
Strength
If an employee never takes a vacation or always performs the same duties, that employee may be covering up a theft or a departure from the company's policies or procedures.
Business
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Los Amigos, a new Mexican restaurant, has set up shop across the street from Hot Tamales and More. Which of the following pricing strategies will Los Amigos likely use?
A) cost-plus B) competition-based C) break-even D) good-value E) target costing
Business
Which of the following refers to the process by which cultural traits spread from one culture to another?
A) cultural heterogeneity B) cultural imperialism C) cultural diffusion D) cultural literacy
Business