An Employee Earnings Report Is a Cumulative Record of Each

question 59

True/False

An employee earnings report is a cumulative record of each employee's hours worked, gross earnings, deductions, and net pay.

---

Definitions:

Patented

A legal status provided to an inventor or assignee granting exclusive rights to use, make, and sell an invention for a certain period of time.

Marginal Benefit

The increase in satisfaction or utility one gets from the consumption of an additional unit of any good or service.

Marginal Cost

The raised expense resulting from the production of one additional product or service unit.

Optimal Amount

The most efficient level or quantity of a good or service to achieve a specific goal or maximize utility.