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:

Coinsurance Costs

Expenses that are not fully covered by insurance and must be shared between the insurer and the insured, typically as a percentage.

Increase Of Hazard

A scenario in insurance where the risk of loss becomes greater than what was contemplated at the time the policy was issued.

Highly-Explosive Chemicals

Substances that possess a high potential for explosion under certain conditions, posing significant risks.

Explosion

A sudden and violent burst or release of energy, often accompanied by loud noise and the release of gases, resulting from a chemical or physical reaction or an act of sabotage or accident.