________ Is Required Under the Davis-Bacon Act for Companies Who

question 44

Multiple Choice

________ is required under the Davis-Bacon Act for companies who do business with the Federal government.

• A)Manual payroll
• B)Certified payroll
• C)Outsourced payroll
• D)Computerized payroll

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Definitions:

Transfer Price

The price charged for goods or services transferred between departments or divisions of the same company.

Variable Cost

Costs that vary directly with the level of production or sales volume, increasing as business activity rises and decreasing as it falls.

Transfer Price

The price at which goods or services are sold between divisions within the same company.

Variable Cost

Expenses that vary directly with the level of production or sales volume, such as raw materials and labor.