Internal Control Over Payroll Is Not Necessary Because Employees Will

question 102

True/False

Internal control over payroll is not necessary because employees will complain if they do not receive the correct amount on their payroll checks.

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Definitions:

Share Of Total Income

The proportion of total national or group income that is earned by individuals or segments of a population, often used to analyze income distribution and inequality.

Income Inequality

The unequal distribution of income within a population, often measured by various statistical means like the Gini coefficient.

Earnings Received From Wealth

Income generated from assets owned, such as dividends from stocks, interest on bonds, or rent from property.

Reduction In Income Inequality

Refers to efforts or policies aimed at decreasing the disparity in income distribution among a population, thereby promoting economic fairness.