CODE 3.1

Question 3:

Explain monetary and fiscal measures that should be implemented by the government to cool down an overheating economy. Discuss the impacts of these measures on businesses.

Question 4:

XYZ Company has considerable cash collections on a regular basis. The cashier receives the cash, records it and then banks it at the end of each day. Since a single person is responsible for access to cash, the financial director is concerned that fraud and error may cess occur in cash handling and recording.

Suggest the financial director several internal controls to prevent such errors or misappropriations? (at least 3 controls).