Practice Problem I Instructions: Indicate whether each procedure is an example of good intemal control or of weak intemal control. If it is an example of good internal control, indicate which insernal control principle is being followed if it is an example of weak internal control indicate which intemal control principle is violated Listed below are six procedures that are followed by different companies. 1. Forde Company decided to bond all employees who handle cash. 2. As a time-saving measure, every clerk in the Registrar's Office was given the same passcode to process change-of-grade forms. 3. Buddy Department Store elected to forego television monitors and garment sensors because they believe in the basic goodness of people. 4. Sara Lee orders merchandise for Pillsbury Company and Dough Boy authorizes payment for the merchandise. 5. Peace Company does not prepare a bank reconciliation as they believe it is a waste of time. 6. Hunter Company completes deposit slips for each deposit