Services That Are Offered to Employees Who Are Being Transferred

question 133

Multiple Choice

Services that are offered to employees who are being transferred to different locations are known as:

• A) outplacement services.
• B) relocation services.
• C) transfer services.
• D) adjustment services.

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Definitions:

Wages Expense

The total cost incurred by a company for the compensation of its employees, excluding benefits and bonuses.

Wages Payable

A liability account that records the amounts owed to employees for work that has been performed but not yet paid.

Biweekly Salaries

Compensation paid to employees on a two-week basis, typically resulting in 26 pay periods per year.

Fiscal Period

A specific time frame, such as a month, quarter, or year, used for financial accounting and reporting purposes.