There Are Many Risks That May Affect the Payroll and Fixed

question 57

Multiple Choice

There are many risks that may affect the payroll and fixed asset transactions.Which of the following is not one of those risks?

• A)Recorded transactions may not be valid.
• B)Expenditure transactions may be recorded in the wrong account.
• C)Valid expenditures recorded properly by the wrong employee.
• D)Transactions may not be recorded in a timely manner.

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Definitions:

Interest Rate

The cost of borrowing money, typically expressed as a percentage of the principal, charged by lenders to borrowers for the use of assets.

Supply of Money

The overall pool of monetary resources in an economy at a given period.

Interest Rate

The cost of borrowing money or the return on savings, often expressed as a percentage of the principal.

Spending Multiplier

An economic concept indicating the ratio of change in aggregate income to an initial change in spending, illustrating how initial spending leads to increased total spending.