The Number of Absences Per 100 Employees Each Day Is

question 15

Multiple Choice

The number of absences per 100 employees each day is known as the _____.

• A) inactivity rate
• B) incidence rate
• C) severity rate
• D) compensation rate

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Definitions:

Controlling Accounts

A summary account in the general ledger that consolidates the totals of subsidiary ledger accounts.

Subsidiary Accounts

Detailed records that support or are linked to a general ledger account, providing specifics about transactions.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services sold on credit.