During Periods of High Volume in Retail Stores, Employees Can

question 143

Short Answer

During periods of high volume in retail stores, employees can set up temporary mobile check-out stations capable of scanning merchandise bar codes, processing credit card payments, and printing receipts. Employees can even walk through a fixed station line offering to expedite checkout for those customers paying by credit card. This is an example of __________________

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Definitions:

Internal Control

A system implemented by a company to ensure the integrity of financial and accounting information, promote accountability and prevent fraud.

Payrolls

The total amount of money a company pays to its employees for a set period of time, including wages, salaries, bonuses, and deductions.

Fully Funded Pension Rights

A pension plan that has enough assets to meet all its obligations to retirees and current employees.

Pension Expense

The cost recognized by an employer for contributions to pension plans on behalf of its employees for the current period.