SRE Corporation Is a Software Development Company; It Uses Block

question 53

Multiple Choice

SRE Corporation is a software development company; it uses block coding in its chart of accounts. Which of the following statements is most true?

• A)Information technology may not be necessary to assign new account numbers.
• B)Human judgment may be involved in assigning new account numbers.
• C)Both A and B
• D)Neither A nor B

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Definitions:

Monthly Quota

A set target or amount that needs to be achieved or sold within a monthly timeframe.

Net Pay

The amount of money an employee receives after deductions such as taxes and retirement contributions are subtracted from their gross salary.

Gross Pay

Definition: The total amount of money an employee earns before any deductions are taken out.

Base Salary

The initial rate of compensation that an employee receives in exchange for services, not including additional bonuses or benefits.