Question

3. Discuss how an employer can reduce theft. Give examples.

Answer 1

Know your employees- Be cautious about key signs of possible theft such as: unexpected, obvious commitment to late work and work. Lifestyles far beyond wages.
Powerful opposition to administrative adjustments in matters relating to accounting, production or supply. Drug misuse and alcohol abuse. Moonlighting with at-business materials available. Proof of compulsive spending, continuing borrowing or writing bad checks

Supervises workers closely. Not unexpectedly, studies show that the rates of theft and fraud increase when supervision is lax. This doesn't mean gazing every minute over their head. But it does mean it they test what they're doing. Getting more than one person looking out for your money is also smart.
Using Orders for purchase. Payment, receipt and preparation of purchase orders should be separate tasks and should be performed by different individuals. Using pre-numbered purchase orders in serial form and always check incoming orders.
Checks cash receipts. Using pre-numbered sales slips serially, and conduct weekly audits. Someone other than the sales clerk can balance sales slips and register receipts