Martin,an employee at a boutique store,is required to handle store displays and also ensure that all the sales records tally at the end of each business day.However,he committed fraud by recording fake sales and then keeping the products to himself.Which of the following managerial concepts would have helped the store avoid this deception?

Question

Quizplus · Accepted Answer

The concept of separation of duties would have helped the store avoid this deception. Separation of duties involves assigning different tasks to different employees to ensure that no single person has complete control over a process or transaction. In this case, if Martin had been assigned the task of handling store displays and someone else was responsible for recording sales and checking records, it would have been more difficult for Martin to carry out the fraud without being detected.

Martin,an Employee at a Boutique Store,is Required to Handle Store