An Imprest Payroll Account That Has a Significant Balance May

question 13

Multiple Choice

An imprest payroll account that has a significant balance may indicate the presence of:

• A)employees have not yet deposited or cashed payroll checks.
• B)fraudulent transfer of funds by the company.
• C)lack of controls over payroll distribution.
• D)the company is overpaying its employees.

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Definitions:

Basic Research

Fundamental research aimed at gaining more comprehensive knowledge or understanding of the subject under study, without specific applications in mind.

Applied Research

A form of systematic inquiry involving the practical application of science. It accesses and uses some part of the research communities' (the academia's) accumulated theories, knowledge, methods, and techniques, for a specific, often state-, business-, or client-driven purpose.

Practical Problems

Issues or challenges that arise in everyday life requiring practical solutions.

Biological Approach

A perspective in psychology that emphasizes the influence of genetics, brain structures, and biochemical processes on behavior and mental processes.