Factory Workers at OMI Corporation Are Scheduled to Work Forty

question 47

Multiple Choice

Factory workers at OMI Corporation are scheduled to work forty hours per week, but frequently work forty-five hours per week, leading to increased payroll costs for OMI. Which of the following statements is most true?

• A)OMI is exposed to liquidity risk.
• B)OMI should consider expanding its workforce as a form of internal control.
• C)Both A and B are true.
• D)Neither A nor B is true.

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Definitions:

Qualifying

The process of meeting established criteria or standards in order to obtain a certain status or opportunity.

Utah

A state in the western United States known for its vast natural landscapes, including mountains, deserts, and the Great Salt Lake.

Title

Title refers to the legal right to own something, especially land or property, evidenced by a document recorded by a public office.

Corporate Property

Assets owned by a corporation, including physical goods, intellectual property, and financial assets.