Question

Which of the following represents the safeguarding of assets?

a)placing small, high-priced items in a locked display case
b)reducing payroll expenses to increase net income
c)purchasing rather than leasing company vehicles
d)allowing the company president to handle cash

Answer 1

Placing small, high-priced items in a locked display case represents the safeguarding of assets.

Step-by-step explanation:

The safeguarding of assets refers to protecting company resources from loss, theft, or damage. Out of the given options, placing small, high-priced items in a locked display case represents the safeguarding of assets. This is because it prevents these valuable items from being easily accessed or stolen by unauthorized individuals.