Which of the Following Wage and Salary Considerations Is an Impersonal

question 3

Multiple Choice

Which of the following wage and salary considerations is an impersonal cost?

• A) Merit increases
• B) Number of years in job
• C) Labor union contract wage rates
• D) Anniversary of hire raise

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Definitions:

Letter of Credit

A document issued by a bank guaranteeing a buyer's payment to a seller within a specific timeframe and for a specific amount.

Cash Balances

The amount of cash or cash equivalents that a company or individual holds at a given time.

Marketable Securities

Financial instruments that can be easily converted into cash at a fair market value.

Accounts Receivable

Accounts receivable represent money owed to a company by its customers for goods or services that have been delivered but not yet paid for.