If employees are bonded a. it means that they are not allowed to handle cash b. they have worked for the company for at least 10 years c. they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company

Question

William Dorsey

Business

25 April, 18:35

If employees are bonded a. it means that they are not allowed to handle cash b. they have worked for the company for at least 10 years c. they have been insured against misappropriation of assets. d. it is impossible for them to steal from the company

+3

Answers (1)

Know the Answer?

Cannon Conley · Answer 1

c. they have been insured against misappropriation of assets.

Explanation:

A company bonds its employees to protect itself against theft by its workers. Being bonded means securing the money available to customers if a claim is made against the company. Bonding offers compensation to a business should a loss arise through employee's actions.

The law requires companies that handle cash and cash equivalents such as stocks certificates to bond their employees. A company may choose from the various types of bond insurance in the market. For example, employers may use the fidelity bond to protect against employee theft.