Which Most Closely Identifies Why It Is Important for Payroll

question 61

Multiple Choice

Which most closely identifies why it is important for payroll accountants to adhere to the Code of Ethics?

• A) To maintain company profitability.
• B) To overlook fraudulent actions of company officers.
• C) To maintain personal standards only.
• D) To protect the assets of the company and remit money owed to the government.

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Definitions:

Cell-Phone Service

A service provided by telecommunications companies that enables mobile phone users to make and receive calls, texts, and use data.

Utility-Maximizing

A behavioral principle where consumers allocate their income to purchase a mix of goods and services that provides the highest overall utility.

Last Dollar

The final unit of currency spent or invested in a particular context, emphasizing its potential impact or value.

Income Elasticity

The percentage change in the quantity of a product demanded divided by the percentage change in consumer income that caused the change in quantity demanded. It measures the responsiveness of the demand for a good to a consumer’s change in income.