Why Do Different Methods of Time Collection Devices (E

question 3

Multiple Choice

Why do different methods of time collection devices (e.g. ,time cards,biometric devices) exist among companies?

• A)They replace personnel with computers,which prevents ethical issues.
• B)They maintain precise tracking of employee whereabouts.
• C)They promote compensation accuracy that matches company needs.
• D)They alleviate the need for internal control.

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Definitions:

Constant Slope

A straight line graph that indicates a uniform rate of change between two variables.

Price-inelastic

Price-inelastic describes a situation where the demand for a good or service is relatively unaffected by changes in its price, indicating that consumers continue to purchase it even if the price increases.

University of Michigan

A public research university located in Ann Arbor, Michigan, known for its rigorous academic programs and significant contributions to research.

Lowest Price Elasticity

Refers to the scenario where the demand for a good or service is least responsive to changes in price.