Safe Bank Has an Outside Display Which Has the Time

question 95

Multiple Choice

Safe Bank has an outside display which has the time and temperature that is always correct. This is an example of

• A) an interference in the workings of the price system.
• B) a breakdown in communication between the bank and its customers.
• C) a negative externality.
• D) a positive externality.

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Definitions:

Individual Employee Earnings Record

An accounting document that summarizes the total amount of wages paid and the deductions for the calendar year. It aids in preparing governmental reports. A new record is prepared for each employee each year.

Payroll Register

A document that records the payment details of employees, including wages, deductions, and net pay for each pay period.

Payroll Register

A document that summarizes the earnings, deductions, and net pay of all employees for a specific payroll period.

Calendar Year

A one-year period that begins on January 1 and ends on December 31, used as a financial or accounting period.