How Do You Detect a Ghost Employee

question 37

Multiple Choice

How do you detect a ghost employee:

• A) Have someone other than the supervisor distribute paychecks
• B) Have paychecks automatically deposited
• C) Trace timecards to actual employees
• D) Both "a" and "c"

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Definitions:

Noncumulative Preferred Stock

A type of preferred stock where missed dividend payments are not required to be paid to the shareholders in the future.

Par Value

The face value of a bond or the stock value stated in the corporate charter, which is the minimum legal capital per share.

Dividend

A portion of a company's earnings distributed to shareholders, representing a share of the corporate profits.

Noncumulative Preferred Stock

A type of preferred stock where missed dividend payments are not accumulated. Investors are not entitled to claim missed dividends in the future.