An Aid in Internal Control Over Payrolls That Indicates Employee

question 41

Multiple Choice

An aid in internal control over payrolls that indicates employee attendance is the

• A) time card
• B) voucher system
• C) payroll register
• D) employee's earnings record

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Definitions:

Social Welfare

A holistic measure of the well-being and quality of life of individuals and groups within a society.

Rights To Pollute

Permits or allowances that grant entities the authorization to emit certain amounts of pollutants, often used in regulatory systems to control environmental damage.

Coase Theorem

The Coase Theorem postulates that if property rights are well-defined and transaction costs are low, parties will negotiate privately to correct externalities and allocate resources efficiently.

Externalities

Externalities are unintended side effects of economic activity affecting third parties not directly involved in the transaction, which can be either positive or negative.