In the Process of Correcting a Wrong Employee Error All

question 5

Multiple Choice

In the process of correcting a wrong employee error all but one is used -

• A)prepare a new entry for the correct employee
• B)open the adjust cheque window for the employee
• C)all amounts are automatically reversed when you choose reverse paycheque
• D)one should remember to recalculate the taxes

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Definitions:

Mutually Beneficial

A situation or transaction where all parties involved gain or benefit from the arrangement.

Terms of Trade

The ratio of export prices to import prices. It shows how much import goods a country can buy for each unit of export goods it sells.

Production Possibilities

A curve depicting all maximum output possibilities for two goods, given a set of inputs consisting of resources and other factors.

Economic Efficiency

Economic efficiency occurs when resources are optimally allocated to serve the needs of a society without any waste.