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Question
Sebastian's Coffee Shop makes and sells specialty coffee drinks, sandwiches and pastries. Several risks associated with the shop's operations are listed below on the left; several internal controls are listed on the right. Match each risk with the internal control most likely to reduce it. Use each internal control only once.____ 1 Computer viruses
____ 2 Damage from flood, fire or earthquake
____ 3 Incorrect change given to a customer
____ 4 Incorrectly prepared drinks
____ 5 Insufficient inventory quantities
____ 6 Power failure
____ 7 Robbery
____ 8 Spoiled food
____ 9 Theft of cash by employees
____ 10Theft of inventory by employees
a. Backup electrical generators
b. Cash registers
c. Insurance
d. Monthly bank reconciliation
e. Placing orders when goods reach a
specific level
f. Proper storage conditions
g. Software
h. Video monitoring systems
i. Video surveillance and alarm systems
j. Worker training
Answer
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