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