Directions

Enter your response after each situation.

1.Lost traveler's checks. Your supervisor is out of town and calls to tell you his briefcase was stolen from his hotel room this afternoon. He had locked his remaining traveler's checks in the briefcase. He is frantic and doesn't know what to do. Analyze the situation and outline a plan of action for him, assuming you have followed all the correct procedures concerning traveler's checks.

2.Petty cash fund.You are new on the job. Because you keep the petty cash fund, Leah, a coworker, has come to you and asked to borrow $10 until tomorrow. Other employees have told you the manager does not care if they borrow from petty cash. No one has asked you until today. Analyze the situation and explain what you would do and why.

3.Payroll. You supervise the payroll department. Several department heads have recently been late in turning in time cards, and your employees have been complaining they are rushed and believe being rushed has caused them to make the careless errors in employees' paychecks that have been reported. It is budget time, and you know your manager wants the department heads to get their budget recommendations inthey are under pressure to finish. Explain how you will handle the situation.

4.Money missing from petty cash fund. You have been responsible for handling the petty cash fund in your department. The money and petty cash receipts are kept in a drawer that is locked, and both you and your manager have keys to the drawer. When you attempt to balance your receipts and cash remaining in the drawer, you realize that $50 is missing from the fund. After an employee borrowed from the fund on Monday, you balanced the fund; it is now Thursday. Analyze the situation and explain what you would do and why.