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Time Accounting - the #telcoWay

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The Importance of Time Accounting

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1. Who is accountable for the productive utilization of the time, talent, and skills of all employees in the organization?
Exco Management Team Leaders Individual Employees
2. What does "time accounting" primarily involve?
Budgeting employee salaries Scheduling meetings Recording time transactions such as timesheet entries and tasks completed Managing project deadlines
3. How is productivity measured for the Executive Committee (ExCo)?
Key Performance Metrics of the department Revenue per Employee Total number of hours worked Employee satisfaction scores
4. What is the role of individual employees in time accounting?
Responsible for the productive utilization of their time, talent, and skills Accountable for their team's productivity Overseeing the utilization of departmental resources Setting time accounting policies
5. Which of the following is NOT considered a resource to be accounted for in business?
Cash Inventories Office Decorations Fuels
6. Given a scenario where a particular team leader has 3 members in their team. Each of whom has a labour contract of up to 191 hours per month. How many hours per month is each team leader accountable for in their team?
191 hours 573 hours 384 hours 764 hours
7. What is the correct order of steps for effective time accounting?
Define Key Activities, Create Tasks, Track Timesheets, Monitor & Evaluate Create Tasks, Define Key Activities, Monitor & Evaluate, Track Timesheets Monitor & Evaluate, Track Timesheets, Define Key Activities, Create Tasks Track Timesheets, Create Tasks, Monitor & Evaluate, Define Key Activities
8. What does accountability in time accounting entail?
Planning and scheduling Track, Monitor, Evaluate, and Provide Feedback Hiring and training employees Setting company policies