In the Area of Payroll,which of the Following Procedures Represents

question 8

Multiple Choice

In the area of payroll,which of the following procedures represents proper control over the custody of assets?

• A)The supervisor receives a copy of the payroll register for a chance to approve the payroll after it is completed.
• B)Individual paycheques are prepared.
• C)Unclaimed payroll cheques are held in the office of the chief financial officer.
• D)Signatures from employees are obtained for calculation of deductions.

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Definitions:

Conservatives

Individuals or political groups that favor retaining traditional values and institutions, with a preference for minimal change and a cautious approach to social and political innovations.

Libertarians

Advocates for minimal government intervention in personal and economic matters, prioritizing individual liberty and free markets.

Economically Liberal

Favoring policies that promote free market competition, minimal government intervention in the economy, and the protection of individual property rights.

Federal System

A form of government in which power is divided between a central (national) authority and constituent (state or regional) units, allowing for shared sovereignty.