Which of the following is true of good internal controls over payroll?
A) Accounting for payroll should be separate from hiring and firing of employees.
B) Disbursement of paychecks should not be separate from the function of maintaining payroll records.
C) Hiring and firing employees should not be separated from accounting and from disbursing paychecks.
D) Cash receipts from customers should be separated from the accounting for accounts receivable.
A
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Answer the following statements true (T) or false (F)
1. The process of getting oriented and getting acquainted with the group is known as the forming stage of team development. 2. Many groups stall in the performing stage of group development. 3. In the storming stage of group development, the leader should encourage members to work through their conflicts about tasks and goals. 4. Group cohesion arises during the forming stage of group development.
Health insurance policies generally require the insured to pay up to a certain amount each year before the insurer's payment obligation begins. This specific amount, which is a set amount established by federal law, is known as the deductible.
Answer the following statement true (T) or false (F)
One way culture can influence negotiation is the degree of protocol considered important in a negotiation. Protocol is
A. the formality of the relations between the two negotiating parties. B. the criteria used to select who will participate in a negotiation. C. the perception of an opportunity for negotiation. D. the differences in body language across cultures.
Answer the following statements true (T) or false (F)
Minimizing reported income would not be a motive guiding the selection of accounting methods.