Some Investment Firms Require Traders to Take Two Consecutive Weeks

question 119

Multiple Choice

Some investment firms require traders to take two consecutive weeks of vacation,so the traders' books can be reviewed.This is an example of

• A) management development.
• B) verification procedures.
• C) resistance to control.
• D) reducing uncertainty.
• E) management by objectives.

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Definitions:

Employer

An individual or business entity that hires and pays wages or salaries to one or more employees in exchange for their work.

Paychecks

Documents issued by an employer to an employee to pay for services rendered, representing salary or wages.

Withheld FICA Tax

Taxes taken out of an employee's paycheck for Social Security and Medicare.

Excess Social Security Tax

The amount of Social Security taxes paid over the maximum limit set for the year, which can occur when an individual works for multiple employers.