No Individual with Access to Time Cards,payroll Records,or Checks Should

question 93

Multiple Choice

No individual with access to time cards,payroll records,or checks should also be permitted access to

• A)the computer.
• B)job time tickets.
• C)personnel records.
• D)the canceled check file.

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Definitions:

Sales Revenue

The total amount earned by a company from its sales of goods or services, before any deductions for returned goods and allowances.

Gross Profit Rate

A financial ratio that compares gross profit to net sales, indicating the efficiency of production and pricing.

Operating Expenses

Expenses incurred from normal business operations such as manufacturing costs, marketing fees, and office supplies.

Sales Revenue

Income generated from selling goods or services over a period, critical for determining a company's profitability.