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Janet needs to make an important decision about managing her business. As she thinks about the situation,she quickly recalls a similar situation in a friend's business. Because she thinks the friend's situation and hers are similar,she decides to take the same action that her friend did;to use her friend's actions as simple rules to help her through the complicated decision. Unfortunately,Janet is not aware that there was another major factor in her friend's situation that influenced the decision heavily. Which of the following best describes what Janet is using in this situation?
Paid Absences
Compensation provided to employees for days not worked, such as holidays, vacations, or sick days.
Expense Account
An account that records the costs incurred by a company in the process of earning revenue.
Payable Account
An accounting record that shows the total amount of money owed to creditors for goods, services, or loans provided.
Employee Health Insurance
An insurance coverage that provides benefit payments for healthcare services to employees, often paid for wholly or in part by employers.
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