Which of the Following Is a Reason That Many Companies

question 1

Multiple Choice

Which of the following is a reason that many companies require a photo ID when employees pick up their pay cheques?

• A)To make sure an employee's work hours have been accurately reported
• B)To improve efficiency of the payroll disbursement process
• C)To avoid writing a pay cheque to a fictitious person
• D)To make sure all employees are legal adults

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Definitions:

Regulated Fares

Fares for transportation or services that are controlled or set by a governing body to ensure fairness and accessibility.

Elastic Demand

A situation where the quantity demanded of a good or service is sensitive to changes in its price.

Total Revenue

The total income earned by a company from its sales of goods or services before any costs or expenses are subtracted.

Demand Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, with elasticity greater than one indicating a high response to price changes.