Why Do Employers Use Checks as an Employment Payment Method

question 14

Multiple Choice

Why do employers use checks as an employment payment method?

• A)Paying employees by check requires the employer to keep currency on the premises.
• B)Paying employees by check offers a level of security of employee payments.
• C)Paying employees by check allows the employer flexibility with its bank accounts.
• D)Paying employees by check increases the complexity of the payroll process.

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Definitions:

Merchant

An individual or business entity engaged in the sale of goods, particularly those specialized in a specific product or market.

UCC

An abbreviation for the Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights concerning a particular service or product.

Without Reserve

An auction term indicating that the item will be sold to the highest bidder, with no minimum price set.