Which of the Following Statements Accurately Describes a Fidelity Bond

Multiple Choice

Which of the following statements accurately describes a fidelity bond?

A) Procedures to provide reasonable assurance that the objectives of a company are accomplished.
B) Proper procedures for processing transactions.
C) Insurance that the company buys to protect itself from loss due to employee dishonesty.
D) Guidelines or policies that limit the actions of different levels of management.