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What internal controls should be implemented to reduce risk

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Jack Spratt is opening a BBQ shack that will accept both cash and credit card payments. Identify some advantages and disadvantages of investing in a Point of Sale (POS) system to manage the sales and revenue processes. What internal controls should be implemented to reduce the risk of theft or error related to the correct handling of cash, credit card payments, and coupons?

Your well-written paper should meet the following requirements:

• Be 3-4 pages in length.
• Be formatted according to theAPA Requirements
• Cite a minimum of two scholarly sources

Write clearly and logically, as you will be graded on content, analysis, and your adherence to the tenets of good academic writing, which should be succinct where possible while also exploring the topics appropriately. Remember that you can always improve your work by providing support from outside scholarly sources, which help both to bolster your own assertions and supplement your ideas.

Reference no: EM131129332

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