Which of the Following Is an Important Aspect of Control

question 23

Multiple Choice

Which of the following is an important aspect of control over payroll?

• A)Controls for efficiency in payroll procedures
• B)Controls to screen potential employees for criminal records
• C)Controls to limit salaries and wages so that they are no higher than competitors
• D)Controls to monitor employee behaviour, such as use of security cameras

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Definitions:

Cost-volume-profit Analysis

An accounting tool used to determine the effects of changes in costs and volume on a company's profits.

Equation Form

A mathematical representation expressed through an equation, often used in describing financial principles or calculations.

Graphic Form

A method of presenting information, data, or financial figures using visual elements such as charts, graphs, and diagrams.

Cost Behavior

The way in which a cost changes in relation to changes in activity levels, categorized into fixed, variable, and mixed costs.