Which of the Following Are Important Decisions That an Employer

question 74

Multiple Choice

Which of the following are important decisions that an employer must make regarding its payroll procedures? (Select all that apply.)

• A) How often to pay employees
• B) How to handle pay advances
• C) How many employees to hire
• D) Which employee benefits to offer

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Definitions:

Purchasing

The act of acquiring goods or services, often for business purposes, to fulfill the needs of an organization or individual.

Procurement

The process of obtaining goods, services, or works from an external source, often via a tendering or competitive bidding process.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Organizational Success

The achievement of the set goals and objectives of an organization, often measured by financial performance, market share, and other key indicators.