Respond to the following question, exercise, problem, or case in your textbook: Chapter 8 Critical Thinking: Decision Case 8-2. Use complete sentences, cite any sources used, and answer all required parts.

This case is based on an actual situation. Centennial Construction Company, headquartered

in Dallas, Texas, built a Rodeway Motel 35 miles north of Dallas. The

construction foreman, whose name was Slim Chance, hired the 40 workers needed

to complete the project. Slim had the construction workers fill out the necessary tax

forms, and he sent their documents to the home office.

Work on the motel began on April 1 and ended September 1. Each week,

Slim filled out a timecard of hours worked by each employee during the week.

Slim faxed the time sheets to the home office, which prepared the payroll checks

on Friday morning. Slim drove to the home office on Friday, picked up the payroll

checks, and returned to the construction site. At 5 p.m. on Friday, Slim distributed

payroll checks to the workers.

Requirements

1. Describe in detail the main internal control weakness in this situation. Specify

what negative result(s) could occur because of the internal control weakness.

2. Describe what you would do to correct the internal control weakness.