An Accounting Information System Has Three Basic Components: Source Documents

question 90

True/False

An accounting information system has three basic components: source documents and input devices, processing and storage, and outputs.

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Definitions:

Labor Organizing

The effort by workers to form, join, or assist a union to represent their collective interests in the workplace.

National Labor Relations Board

A federal agency in the United States that oversees labor practices, ensuring the rights of employers and employees under labor laws.

Fair Labor Standards Act

A United States law that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers in the private sector and in federal, state, and local governments.

Wage-and-Hour Issues

Concerns related to compliance with laws governing the payment of wages, overtime, and the scheduling of working hours.