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) performance bond.
B) fidelity bond.
C) judicial bond.
D) official bond.

Fidelity Bond

A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, typically employees.

Corporate Funds

Money or financial resources that belong to a corporation and are used for its business operations and activities.

Dishonesty

Conduct that shows a lack of integrity or honesty in actions, often leading to deception or fraud.