If employees are bonded, it means that
A)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)they are not allowed to take vacations.

Question

Quizplus · Accepted Answer

Bonding is a form of insurance that protects an organization from financial losses due to employee theft or fraud. When employees are bonded, this means they have undergone a thorough background check and the company has purchased a type of insurance called a fidelity bond to protect against loss from employee dishonesty. This does not necessarily mean they are not allowed to handle cash or take vacations, and it does not indicate how long they have worked for the company.

If Employees Are Bonded, It Means That