A Change in an Employee's Hourly Pay Would Be Recorded

question 68

Multiple Choice

A change in an employee's hourly pay would be recorded in

• A)the payroll master file.
• B)a payroll transaction file.
• C)the employee master file.
• D)the employee transaction file.

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Definitions:

Excess Capacity

A situation where a firm is producing less than the maximum output due to insufficient demand.

Strategic Behavior

Self-interested economic actions that take into account the expected reactions of others.

International Cartel

An agreement among businesses or countries from different countries to control prices, limit competition, or divide markets.

Fix Prices

The practice of setting and maintaining prices at a certain level, often agreed upon by competitors or mandated by regulation, rather than allowing them to be determined by market forces.