A Weekly Payroll Check Was Issued to an Hourly Employee

question 61

Multiple Choice

A weekly payroll check was issued to an hourly employee based on 98 hours worked instead of 38 hours.The time card was slightly illegible and the number looked somewhat like 98.The best control procedure would be:

• A)A hash total
• B)A code check
• C)Desk checking
• D)A limit test

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Definitions:

Charging Price

The act of setting a specific price for a product or service offered to consumers.

Profit Maximizing

The process or strategy aimed at achieving the highest possible profit within a given business context.

Monopolist

An individual or entity that has exclusive control over the production and sale of a particular product or service, preventing other entities from entering the market.

Output Units

The quantity of goods or services produced by a company or an economy.