If Regency Services, Inc.wishes to protect itself against the possible dishonesty of Chad, an employee who will be handling corporate funds, Regency may purchase a(n):
A) fidelity bond.
B) judicial bond.
C) performance bond.
D) official bond.

Question

Quizplus · Accepted Answer

A fidelity bond protects a company against losses caused by the fraudulent acts of its employees, making it the appropriate choice for Regency Services, Inc. to protect itself against possible dishonesty by an employee handling corporate funds.