A Major Control Available in a Small Company, Which Might

question 119

Multiple Choice

A major control available in a small company, which might not be feasible in a large company, is:

• A) fewer transactions to process.
• B) a voucher system.
• C) a wider segregation of duties.
• D) the owner- manager's personal interest and close relationship with the personnel.

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Definitions:

Own Currency

The currency issued and used by a country, typically managed by its central bank or monetary authority.

Home Country

The country where a company is headquartered or where an individual is a citizen.

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes incurred by an employer.

Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.