Why do different methods of time collection devices (e.g. ,time cards,biometric devices)exist among companies?
A)They replace personnel with computers,which prevents ethical issues.
B)They maintain precise tracking of employee whereabouts.
C)They promote compensation accuracy that matches company needs.
D)They alleviate the need for internal control.

Question

Quizplus · Accepted Answer

Different methods of time collection devices exist among companies to promote compensation accuracy that matches company needs. Each company may have unique policies regarding work hours, overtime, and pay rates, requiring a time collection system that can accurately track and report this information. For example, a company that pays different rates for different types of work may require a system that can differentiate between these tasks. Biometric devices or time clocks may provide more precise tracking than paper time cards, making them more appropriate for some companies. Ultimately, the choice of time collection system will depend on the specific needs of each organization.

Why Do Different Methods of Time Collection Devices (E