Questions: 3 (i). The store purchases used goods for resale from people that bring items to the store. Since that can occur anytime that the store is open, all employees are authorized to purchase goods for resale by disbursing cash from the register.

The text provided describes a scenario where a store purchases used goods for resale from individuals who bring items to the store. This transaction can occur at any time during store hours, and all employees are authorized to disburse cash from the register to purchase these goods.

To analyze this scenario, let's break it down into key points:

1. Purchasing Used Goods: The store engages in buying used items from customers. This is a common practice in businesses such as pawn shops, thrift stores, and second-hand retailers.

2. Anytime During Store Hours: The transactions can take place at any time the store is open, indicating flexibility and convenience for customers who wish to sell their items.

3. Employee Authorization: All employees have the authority to purchase goods for resale and disburse cash from the register. This suggests a decentralized approach to purchasing, where decision-making is distributed among all staff members.

1. Employee Training and Trust: Since all employees are authorized to handle these transactions, it is crucial that they are well-trained in evaluating the value of used goods and in handling cash transactions. Trust in employees' judgment and integrity is essential.

2. Inventory Management: Proper systems must be in place to track purchased items and manage inventory. This includes recording details of each transaction, such as the item description, purchase price, and the employee who conducted the transaction.

3. Cash Management: Disbursing cash from the register requires stringent cash management practices to prevent discrepancies and ensure accurate accounting. Regular audits and reconciliations can help maintain financial integrity.

4. Customer Relations: Allowing transactions at any time during store hours can enhance customer satisfaction by providing flexibility. However, clear communication about the process and fair pricing is important to maintain good customer relations.

Consider a thrift store that buys used clothing and household items from customers. If an employee is approached by a customer wanting to sell a vintage jacket, the employee must assess the jacket's condition, brand, and market value before offering a purchase price. Once agreed upon, the employee disburses the cash from the register and records the transaction details.

The store's policy of authorizing all employees to purchase used goods for resale and disburse cash from the register can be effective if supported by proper training, inventory, and cash management systems. This approach can enhance operational flexibility and customer satisfaction, provided that the necessary controls and procedures are in place.