Choose the Word or Phrase in [ ] Which Will

question 62

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-[Investing | Speculating] is viewed as a short-term activity that involves the buying and selling of securities in which future value and expected return are highly uncertain.

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Definitions:

Clock Card

A card used by employees when clocking in and out of the factory; it becomes the basis for the payroll.

Payroll

The total amount of wages, salaries, bonuses, and deductions paid to or on behalf of employees over a specific period.

Manufacturing Overhead-Control

An accounting method used to gather and monitor the costs associated with the manufacturing process but not directly tied to specific products, such as rent, utilities, and salaries.