Payroll Processing Efficiency Can Be Increased by Eliminating Paper Documents

question 9

Multiple Choice

Payroll processing efficiency can be increased by eliminating paper documents and replacing them with electronic recording devices.Which of the following documents would be likely to yield the greatest cost saving by this conversion?

• A)Payroll register
• B)Earnings statement
• C)Deduction register
• D)Time card

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Definitions:

Actual Price Level

The current cost of goods and services in an economy, affecting purchasing power and inflation rates.

Velocity

The rate at which money circulates or is exchanged in an economy, influencing inflation and economic activity.

Money Supply

The total amount of money available in an economy, including cash, deposits, and other forms of liquidity.

Real Output

The production of goods and services valued at constant prices, thus removing the effect of inflation.