Which of the Following Is a Reason That Many Companies

question 28

Multiple Choice

Which of the following is a reason that many companies require a photo ID when employees pick up their paychecks?

• A)to make sure an employee's work hours have been accurately reported
• B)to avoid writing a paycheck to a fictitious person
• C)to improve efficiency of the payroll disbursement process
• D)to make sure all employees are legal adults

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Definitions:

Weighted Average Method

A cost accounting method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale.

Lotions and Cosmetic Manufacturer

A type of business that specializes in producing health and beauty products, including creams, lotions, and makeup.

Job Order Cost System

An accounting system used to track the costs related to a specific job or batch of goods.

Process Cost System

An economic tracking system utilized for attributing costs to analogous products manufactured in large quantities and in a steady flow.