Which Department Is Responsible for Approving Changes in Pay Rates

question 56

Multiple Choice

Which department is responsible for approving changes in pay rates for employees?

• A)payroll
• B)treasurer
• C)personnel
• D)cash disbursements

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Definitions:

Account Receivable

Debts owed by customers to a company for products or services that have been dispatched but not settled.

Inventory Sale

The process of selling goods from a company's inventory to generate revenue, often tracked to understand sales trends and inventory turnover.

Amount Owed

The total sum of money that is due for payment to a lender or creditor.

Operating Cycle

The average period of time between the acquisition of materials or services and the final cash realization from those activities in a company.