Explain how the principle of separation of duties is violated in each of the following situations. also, suggest one or more procedures to reduce the risk and exposure highlighted in each example. a. a payroll clerk recorded a 40-hour work-week for an employee who had quit the previous week. he then prepared a paycheck for this employee, forged her signature, and cashed the check. b. while opening the mail, a cashier set aside, and subsequently cashed, two checks payable to the company on account. c. a cashier prepared a fictitious invoice from a company using his brother-in-law’s name. he wrote a check in payment of the invoice, which the brother-in-law later cashed. d. an employee of the finishing department walked off with several parts from the storeroom and recorded the items in the inventory ledger as having been issued to the assembly department. e. a cashier cashed a check from a customer in payment of an account receivable, pocketed the cash, and concealed the theft by properly posting the receipt to the customer’s account in the accounts receivable ledger.

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)