Why Do Different Methods of Time Collection Devices (E

question 62

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.

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Definitions:

Plant Size

The scale or capacity of a factory or production facility, often measured in terms of productive capability or physical dimensions.

Diseconomies of Scale

An economic concept where increasing production results in higher per unit costs.

Long-run Average Total Cost

The average cost per unit of output over the long term, where all inputs are considered variable, allowing firms to adjust all factors of production.

Plant Sizes

The physical capacity or scale of a manufacturing facility, which can influence production volume, efficiency, and cost.