The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.

How to Make an Effective Display. A display is often the only chance you have for capturing the attention of your intended audience. It must grab audience members at first glance, hold them there ...

What Is the Markup Percentage for Retail Clothing?. Product pricing can spell the difference between success or failure of a small business. Charge too little, and you won't make enough to cover ...

Definition of Industrial Workplace. The word "industry" can evoke images of smokestacks across a cityscape when you hear it. Since industry is closely tied to factories, the images are appropriate ...

What Are Examples of Demographics?. Demographics are a common basis for market segmentation -- the process of breaking a large target customer audience down into smaller groups of people with ...

Total Sales vs. Total Revenues. To secure long-term profits, companies generally review operating activities, trim the bureaucracy of money-eating segments and identify areas where department ...

Behavior Modeling in the Workplace. Social learning theory sets forth the premise that people tend to unavoidably learn things they see or experience in a hands-on way. Behavior modeling in the ...

The amount of debt a company takes on has an impact on its balance sheet. In particular, it affects the relationships between several components of the balance sheet. Analysts, investors and ...

You need to know the difference between insurance and bonding before you request that information. Insurance protects your contractor against lawsuits stemming from damage to people or property. A ...

How to Open a Stapler Jammed Shut. Replacing the stapler every time it jams doesn't make good business sense. Learning to repair a jammed stapler yourself saves money and increases the usable life ...

Normal can be a state of mind: What's a normal markup in high-end fashion may be an inflated figure for a fast-food franchise. To arrive at a realistic markup percentage, investigate markups in ...

The Psychology of Colors for Restaurant Designs. With all else being equal, the more effectively a restaurant design utilizes color to establish an image, create ambiance and arouse customer's ...