Which Statement About Employee Privacy Is CORRECT

question 43

Multiple Choice

Which statement about employee privacy is CORRECT?

• A)Employers have no legal right to monitor on-the-job employee phone calls.
• B)Employers do not have the right to monitor any employee phone calls.
• C)Employers have the legal right to monitor all employee phone calls.
• D)Employers have a legal right to monitor on-the-job employee phone calls.

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Definitions:

Average cost method

An inventory costing method where the cost of goods sold and ending inventory is calculated based on the average cost of all units available for sale during the period.

Periodic system

An inventory accounting system in which updates to inventory levels and cost of goods sold are made at the end of an accounting period rather than after each sale.

Ending inventory

The aggregate worth of products ready for sale at the close of an accounting period, determined by summing up acquisitions to the initial inventory and deducting the cost of goods sold.

Cost flow assumption

An accounting method that determines how costs are allocated to inventory and cost of goods sold, such as FIFO, LIFO, or weighted average.