Clues That a Ghost Employee May Exist in the Company

question 34

Multiple Choice

Clues that a ghost employee may exist in the company would include all of the following, except:

• A)Payroll register identifies paychecks without adequate tax withholdings.
• B)The personnel file contains no duplicate addresses.
• C)Payroll expenses are over budget.
• D)Paychecks were not claimed when the paymaster distributed them.

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Definitions:

Output

The total amount of goods and services produced by an economy or a production process.

Guns And Butter

A term used in economics to represent the trade-off between a nation's investment in defense and civilian goods.

Increasing Opportunity Cost

A situation where producing more of one good or service leads to a larger increase in foregone production of another good or service.

Economic Growth

The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, typically measured as the percent rate of increase in real GDP.