Employers Usually Prepare Which of the Following Types of Payroll

question 63

Multiple Choice

Employers usually prepare which of the following types of payroll records?

• A) payroll register,employee earnings record,and payroll check
• B) payroll register,payroll ledger,and employee earnings record
• C) payroll journal,employee earning record,and payroll ledger
• D) employee earning record,payroll check,and payroll ledger

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Definitions:

Short-Run Supply

The total quantity of a good or service that businesses are willing and able to sell at current prices in a short time period.

Implicit Cost

The opportunity costs that are not directly paid or seen but represent real costs to a business, such as the value of time or resources.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting the firm's capacity to adjust to market changes.

Long Run

A period in economics where all factors of production and costs are variable, allowing for full adjustment to changes in market conditions.