Which of These Is the Best Example of a Contingent

question 81

Multiple Choice

Which of these is the best example of a contingent worker?

• A) A person working in the manufacturing sector in a developing country
• B) A person in the U.S. making their living as a substitute teacher
• C) A full-time bank employee
• D) A university professor

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Definitions:

Checks Written

Documents ordering a bank to pay a specific amount from the check writer's account to the person in whose name the check has been issued.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement to ensure accuracy and consistency.

Outstanding Checks

Checks that have been written and recorded in the paying entity's cash records but have not yet cleared the bank account.

NSF Check

A check that cannot be processed because the account on which it was drawn lacks sufficient funds, standing for Non-Sufficient Funds.