Which of the Following Control Plans Transfers the Exact Amount

question 36

Multiple Choice

Which of the following control plans transfers the exact amount of funds necessary to reimburse the account for payroll checks cashed?

• A) approve attendance time data and job time data
• B) use payroll clearing account
• C) independent paycheck distribution
• D) imprest payroll bank account

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Definitions:

New-Category Entries

Products or services that introduce a new category to the market, often requiring the creation of demand and consumer education.

Planned Obsolescence

A business strategy in which the obsolescence of a product is planned and built into it from its conception, ensuring that consumers will need to purchase new products.

Ethical Issue

A situation or problem that requires individuals or organizations to choose between alternatives that must be evaluated as right or wrong, ethical or unethical.

Updated Product

A product that has been improved or modified with new features or designs to enhance its performance or appeal.