Which of the following is a guarantee provided to employers by each employee promising loyalty and faithfulness and stipulating a mechanism for financial recovery should the promise be broken?
A)Fidelity bond
B)Performance bond
C)Surety bond
D)Bid bond
E)Recovery bond

Question

Quizplus · Accepted Answer

A fidelity bond is specifically designed to protect against losses caused by the fraudulent acts of employees, such as theft or embezzlement, thereby guaranteeing loyalty and faithfulness from employees to their employers.

Which of the Following Is a Guarantee Provided to Employers