Geoff Is the Payroll Clerk for a fiRm That Maintains

question 45

Multiple Choice

Geoff is the payroll clerk for a firm that maintains its payroll through computerized records on a centralized server. One of his responsibilities is employee file maintenance, including the
Destruction of records after the retention time has elapsed. His method of purging employee
Records is to delete the file from the database. What other record destruction procedures should
Geoff follow?

• A) He should purge the record from the server.
• B) None. His method is acceptable.
• C) He should check all other employees' computers to ensure that the record is deleted.
• D) He should send an interoffice request to have someone in the information technology

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Definitions:

Variable Costs

Costs that vary depending on the amount of production or business operations.

Lease Cost

The expense incurred from leasing equipment or property, typically categorized as an operating expense in financial statements.

Average Lease Cost

The mean expense incurred from leasing agreements, spread over the term of the lease, generally considered for assets such as equipment or real estate.

Sales Volume

The total quantity of products or services sold by a company within a specific period.