Which of the Following Is an Internal Factor That Can

question 24

Multiple Choice

Which of the following is an internal factor that can influence the rates at which employees are paid?

• A) labour market conditions
• B) collective bargaining
• C) the employer's ability to pay
• D) the cost of living

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Definitions:

Prepaid Expense

Expenditures paid in advance for goods or services to be received in the future, treated as an asset on the balance sheet until used.

Cash Payment

A transaction in which money is paid out or expended in the form of physical currency or through electronic funds transfer.

Management Services

Professional services provided to businesses, often involving strategic advisory, financial management, or operational improvements.

Accrual Basis

This accounting method records income and expenses when they are earned or incurred, regardless of when cash transactions occur.