Read the questions below and answer as if you are the CEO of the company: When...

Read the questions below and answer as if you are the CEO of the company:

When a person doesn’t work all the hours they are supposed to during the day, are they defrauding the company?
Is allowing a person to work overtime if they don't need to defrauding the company?
Why must I learn to balance the cash account when I put the money in the bank to protect it?
Do I have a legal obligation to give cash back to someone when I have no idea who that person is?

Solutions

Expert Solution

Answer 1 - It depends on case by case. If the person is completing his targets early and before deadlines he can work less but in most of the cases they are not allowed to do so. A person not working all the hours he/she is supposed to do is considered as a fraud. For example, a truck driver working for a transportation company is supposed to drive the truck for 8 hours but drives it for 6 hours only. This will be considered as a fraud and may lead to termination.

Answer 2- No, allowing a person to work overtime is not considered as a fraud because it depends on the person's choice whether he/she wants to work more or not but making them work overtime without extra pay and putting their job at stake if they refuse to do so is a fraud. Moreover, it depends mainly on the company's policies towards their employees.

Answer 3- It is important to have basic knowledge of balancing cash account because even when money is deposited in a bank for protection, there is a chance of bank making a mistake and a person should know how to adjust credit and debit transactions against each other. They should know if there has been a decrease or increase in the total account balance they were supposed to have. Moreover, it helps in tracking spendings, catching fraudulent changes and being aware of where they are financially.

Answer 4- No, there is no legal obligation to give cash back to someone until there is a legit contract stating it.

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keosha answered 1 month ago

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