Number of Employee Absences / (Average Number of Employees During

question 22

Multiple Choice

Number of employee absences / (average number of employees during the period x the number of workdays) is the __________.

• A) absence rate
• B) cost per hire
• C) customer service rating
• D) cost for absent customers

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Definitions:

Establishing Responsibility

The creation of clear roles and duties within an organization to ensure accountability and improve efficiency.

Independent Internal Verification

A control mechanism where the transactions and activities are verified by staff members who are not directly involved in those transactions or activities.

Authorization

The approval or permission granted to an individual or entity to perform a specific action or access certain resources.

Segregation of Duties

An internal control that prevents fraud and errors by dividing responsibilities among different employees.