Review the opening feature of this chapter that highlights Vlad Tenev and Baiju Bhatt and their company Robinhood. Their company plans to open a kiosk in the Ferry Building in San Francisco to sell Robinhood shirts, hats, and other merchandise. Other retail outlets and expansion plans may be in the works.

Required
1. List the seven principles of internal control and explain how a retail outlet might implement each of the principles in its store.
2. Do you believe that a retail outlet will need to add controls to the business as it expands? Explain.