Direct Deposit of Employee Paychecks Is One Way an Organization

question 1

Multiple Choice

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

• A)The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account.
• B)The cashier does not have to sign employee paychecks.
• C)Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited.
• D)Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

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Definitions:

Supply Curve

The Supply Curve is a graphical representation showing the relationship between the price of a good and the quantity of the good that producers are willing to supply.

Automobile Supply

The total inventory or production capacity for cars and vehicles available in the market at a given time.

Wage Increase

An upward adjustment in the amount of wages or salary an employee receives for their labor.

Supply Curve

A visual chart that illustrates how the cost of a product is linked to the amount of the product that producers are prepared to manufacture and sell.