The Most Common Objective for Using a Time Log Is

question 12

Multiple Choice

The most common objective for using a time log is __________.

• A) to log work hours for pay
• B) to keep track of what employees are doing
• C) to manage time
• D) to add more daily tasks

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Definitions:

Bonded

Refers to goods or entities that are secured by a bond or insurance to protect against default or mishandling.

Cash Equivalents

Short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value.

Petty Cash

Petty cash is a small amount of cash on hand used for covering minor and unplanned expenses in an organization.

Postage Stamps

Small pieces of paper issued by postal authorities that, when attached to mail, indicate the prepaid postage for its delivery.