Principles of Management - Ethical Organization Practices - Principles of Management Assignment Writing Help

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Principles of Management Assignment Writing Help

TASK Case 1: Retail Business: Billing Schemes/Personal Purchases Kay Lemon, a seemingly prim-and-proper grandmother, stole $416,000 from a smallNebraska lighting store where she had been employed for 20 years as abookkeeper. Lemon spent three years in the Nebraska Women’s CorrectionalInstitute after confessing that she’d been hitting the books for eight years and hadblown all the loot on herself and her family.Lemon’s crime is typical of the risk to small business: The lighting store’s CPAprepared only the company’s tax returns, so the business was not audited. Lemonalso acted as the store’s “accounting department.” She made deposits, signedchecks and reconciled the store’s bank account. Although any entry-level accountantcould recognize this situation as an accident waiting to happen, the store’s owner didnot.After 12 years of unrelenting temptation, Lemon finally gave in. Thereafter, for years,she systematically stole money from the lighting store using the same method. Shewould make out a company check to herself (in her own true name), sign it anddeposit the proceeds in her personal checking account.She was eventually caught and prosecuted. 1. What were the “gaps” in not placing the right staff within the organizationwhich allowed such a situation to arise? 2. If you were the General Manager for this organization, what steps would you undertake to avoid such instances from being repeated ever again?