Which of the Following Is an Important Aspect of Control

question 12

Multiple Choice

Which of the following is an important aspect of control over payroll?

• A) controls to limit salaries and wages so that they are no higher than competitors
• B) controls for efficiency in payroll procedures
• C) controls to screen potential employees for criminal records
• D) controls to monitor employee behavior, such as use of security cameras

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Definitions:

Profit Allocation

The process of distributing a company's earnings among its shareholders, partners, or other stakeholders according to agreed-upon terms.

Preponderance Of Evidence

A standard of proof in civil cases, requiring that a claim be more likely true than not true.

De Jure Corporation

Latin for “lawful corporation” a corporation that has met the mandatory statutory provisions and thus received its certificate of incorporation.

De Facto Corporation

A company that acts like a corporation and enjoys some of its benefits, despite not being duly incorporated according to statutory requirements.