The seven internal control procedures are separation of duties, access controls, physical audits, standardized documentation, trial balances, periodic reconciliations, and approval authority.

Five Attitudes That Are Important in Workplaces. It may seem as if skills and experience are the most important characteristics of an employee, but attitude plays just as big of a role. After all ...

What Are Examples of Demographics?. Demographics are a common basis for market segmentation -- the process of breaking a large target customer audience down into smaller groups of people with ...

A divisional organizational structure gives a larger business enterprise the ability to segregate large sections of the company's business into semi-autonomous groups. While generally better ...

While a fixed-price contract gives a buyer more predictability about the future costs of the good or service negotiated in the contract, this predictability may come with a price. The seller may ...

What Is the Markup Percentage for Retail Clothing?. Product pricing can spell the difference between success or failure of a small business. Charge too little, and you won't make enough to cover ...

Restroom Requirements for Restaurants. Restaurants of any size are regulated by a variety of local, state and federal laws dealing with health and safety for customers and employees. A critical ...

Running a small business? Learn how to operate and grow a business with information from accounting and bookkeeping to how to obtain small business financing, get ideas for franchises and more.

The Importance of Planning in an Organization. Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operations of the ...

Importance of Information Systems in an Organization. To gain the maximum benefits from your company's information system, you have to exploit all its capacities. Information systems gain their ...

10 Most Important Business Objectives. Your business objectives are the results you hope to achieve and maintain as you run and grow your business. As an entrepreneur, you are concerned with every ...

How Does an Employee-Owned Company Work?. The concept of allowing employees to own shares of their companies dates back to the mid-19th century -- before the days of Social Security -- when many ...