Why Do Different Methods of Time Collection Devices (E

question 13

Multiple Choice

Why do different methods of time collection devices (e.g., time cards, biometric devices) exist among companies?

• A)They replace personnel with computers, which prevents ethical issues.
• B)They promote compensation accuracy that matches company needs.
• C)They alleviate the need for internal control.
• D)They maintain precise tracking of employee whereabouts.

Classify intangible assets and understand their classifications.

Understand capitalization of costs associated with acquiring or constructing long-lived assets.

Identify costs included in land, land improvements, buildings, and machinery and equipment.

Differentiate between costs that are expensed and those that are capitalized in relation to long-lived assets.

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Definitions:

Anticonformists

Individuals who actively resist conforming to group norms, expectations, or pressures, often seeking to maintain a sense of personal identity and independence.

Face-To-Face

A method of communication or interaction between individuals that occurs in person, rather than through electronic means or written correspondence.

Idiosyncrasy Credits

The leeway or tolerance a person earns over time within a group by conforming to group norms, allowing them later to deviate without severe repercussions.

Minority Dissenters

Minority dissenters are individuals in a group who express differing or opposing views from the majority, often contributing to group diversity of thought and decision-making processes.