Effective Internal Control Over the Payroll Function Would Include Which

question 41

Multiple Choice

Effective internal control over the payroll function would include which of the following?

• A) Total time recorded on time-clock punch cards should be reconciled to job reports by employees responsible for those specific jobs.
• B) Payroll Department employees should be supervised by the management of the Human Resource Department.
• C) Payroll Department employees should be responsible for maintaining employee personnel records.
• D) Total time spent on jobs should be compared with total time indicated on time clock punch cards.

Describe Harriet Tubman's role and methods in the Underground Railroad and her impact on the freedom of slaves.

Distinguish between historical myths and facts regarding figures and events leading up to the Civil War.

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Definitions:

Highest Marginal

Referring to the highest additional cost or benefit gained from producing or consuming one extra unit of a good or service.

Marginal Utility Per Dollar

The additional satisfaction or benefit gained from consuming an additional unit of a good or service, relative to the cost in dollars.

Fixed Income

Refers to investment types that provide regular, predetermined returns, such as bonds or fixed deposits.

Utility Maximization

The principle that individuals or firms aim to achieve the highest satisfaction or benefit from their resources and choices under given constraints.