Which of the Following Workers Is Most Likely to Be

question 15

Multiple Choice

Which of the following workers is most likely to be an employee?

• A)A worker who pays their own income tax independently.
• B)A worker who decides upon their own hours of work.
• C)A worker who is not authorised to delegate their responsibilities to another person.
• D)A worker who provides their own tools and equipment.

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Definitions:

Perpetual Inventory Method

An accounting method that continuously updates the inventory levels and cost of goods sold with each sale or purchase of inventory.

Credit Terms

Conditions under which credit will be extended to a customer, including payment due dates and any discounts for early payment.

Accounts Payable Ledger

A subsidiary ledger containing all individual accounts for suppliers from whom the business has purchased on credit.

Individual Amounts

Refers to the specific figures relating to financial transactions or balances that pertain to a single entity or account.