Question 1

What kind of risk might employee social events prevent?

Accepted Answer

A)  High employee turnover 
B)  Employee policy violations 
C)  Payroll fraud 
D)  Low productivity 
A)  High employee turnover 
B)  Employee policy violations 
C)  Payroll fraud 
D)  Low productivity

Question 2

What type of control activity is implemented to prevent malicious actions against company systems and data?

Accepted Answer

A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview. 
A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview.

Question 3

What type of processing accumulates transactions into groups and processes them at regular intervals?

Accepted Answer

A)  Real-time 
B)  Journal 
C)  Batch 
D)  Group 
A)  Real-time 
B)  Journal 
C)  Batch 
D)  Group

Question 4

JIT Technologies promoted Jorge during his last performance evaluation. The promotion also included a raise. What HR related activity is involved with Jorge's good news?

Accepted Answer

A)  Monitoring and evaluation 
B)  Transitioning employees 
C)  Payroll processing 
D)  All of these answers are correct. 
A)  Monitoring and evaluation 
B)  Transitioning employees 
C)  Payroll processing 
D)  All of these answers are correct.

Question 5

Payroll includes

Accepted Answer

A)  distributing annual salary and hourly wages to employees. 
B)  several financial accounting journal entries. 
C)  calculation and payment of payroll taxes. 
D)  All of these answer choices are correct. 
A)  distributing annual salary and hourly wages to employees. 
B)  several financial accounting journal entries. 
C)  calculation and payment of payroll taxes. 
D)  All of these answer choices are correct.

Question 6

Which of the following events constitutes an employee termination?

Accepted Answer

A)  Retirement 
B)  Death 
C)  Layoff 
D)  All of these answers are correct. 
A)  Retirement 
B)  Death 
C)  Layoff 
D)  All of these answers are correct.

Question 7

The human resources department activities are part of the

Accepted Answer

A)  acquisition and payment processes. 
B)  conversion processes. 
C)  marketing, sales, and collection processes. 
D)  information processes. 
A)  acquisition and payment processes. 
B)  conversion processes. 
C)  marketing, sales, and collection processes. 
D)  information processes.

Question 8

Which term is accurately described as the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company?

Accepted Answer

A)  Employee acquisition 
B)  Employee onboarding 
C)  Employee conversion 
D)  Employee hiring 
A)  Employee acquisition 
B)  Employee onboarding 
C)  Employee conversion 
D)  Employee hiring

Question 9

Along with raw materials, which of the following is also considered an input to a business?

Accepted Answer

A)  Customers 
B)  Employees 
C)  Sales 
D)  Operations 
A)  Customers 
B)  Employees 
C)  Sales 
D)  Operations

Question 10

What type of HR control activity is implemented to prevent a wrongful termination lawsuit?

Accepted Answer

A)  Managers must complete an HR-authorized employee termination checklist and submit to HR. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview. 
A)  Managers must complete an HR-authorized employee termination checklist and submit to HR. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview.

Question 11

Which relationship between human resources (HR) and payroll is best for business?

Accepted Answer

A)  HR and payroll both deal with employees and should be one department. 
B)  HR and payroll have distinctive functions and should be separate. 
C)  Payroll deals with paychecks. HR deals with employee benefits. 
D)  Payroll is processed by the HR department. 
A)  HR and payroll both deal with employees and should be one department. 
B)  HR and payroll have distinctive functions and should be separate. 
C)  Payroll deals with paychecks. HR deals with employee benefits. 
D)  Payroll is processed by the HR department.

Question 12

Which of the following statements about control activities related to employee onboarding is FALSE?

Accepted Answer

A)  The cost of employee onboarding control activities should not exceed the benefit. 
B)  Business processes like HR, payroll, and onboarding do not have a master list of controls. 
C)  Companies should establish and document policies and procedures for hiring. 
D)  Control activities focus on fraud prevention to prevent financial loss for the company. 
A)  The cost of employee onboarding control activities should not exceed the benefit. 
B)  Business processes like HR, payroll, and onboarding do not have a master list of controls. 
C)  Companies should establish and document policies and procedures for hiring. 
D)  Control activities focus on fraud prevention to prevent financial loss for the company.

Question 13

Evaluate the journal entry below:
 
$\begin{array}{lcc}
\hline \text{Employee Benefits Expense} & 5,000 & \
\hline\text{ Employee Health Insurance Payable} & & 5,000 \
\hline
\end{array}$
When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

Accepted Answer

None

Question 14

What business process calculates wages to compensate employees with their entitled pay?

Accepted Answer

A)  Human resources 
B)  Accounting 
C)  Payroll 
D)  Enterprise resource planning 
A)  Human resources 
B)  Accounting 
C)  Payroll 
D)  Enterprise resource planning

Question 15

Employee payroll deductions become

Accepted Answer

A)  expenses to the company. 
B)  liabilities to the company until paid to third parties. 
C)  employee benefits expense. 
D)  paid-time off liabilities. 
A)  expenses to the company. 
B)  liabilities to the company until paid to third parties. 
C)  employee benefits expense. 
D)  paid-time off liabilities.

Question 16

Employee vacation and paid-time-off benefits accrual include a debit to an expense account and a credit to a(n)

Accepted Answer

A)  liability account. 
B)  asset account. 
C)  income account. 
D)  other expense account. 
A)  liability account. 
B)  asset account. 
C)  income account. 
D)  other expense account.

Question 17

What department is involved in employee termination administrative processes?

Accepted Answer

A)  Human resources 
B)  Ex-employee's department 
C)  Information technology 
D)  All of these answer choices are correct. 
A)  Human resources 
B)  Ex-employee's department 
C)  Information technology 
D)  All of these answer choices are correct.

Question 18

Which of the following is the responsibility of HR during the employee termination process?

Accepted Answer

A)  HR answers questions from the departing employee. 
B)  HR answers questions from the departing employee's managers. 
C)  HR minimizes potential damage during the termination process. 
D)  All of these answer choices are correct. 
A)  HR answers questions from the departing employee. 
B)  HR answers questions from the departing employee's managers. 
C)  HR minimizes potential damage during the termination process. 
D)  All of these answer choices are correct.

Question 19

Employee compensation involves

Accepted Answer

A)  the HR department. 
B)  tax regulations. 
C)  pre-tax expense accounts. 
D)  All of these answers are correct. 
A)  the HR department. 
B)  tax regulations. 
C)  pre-tax expense accounts. 
D)  All of these answers are correct.

Question 20

What type of control activity is implemented to prevent unauthorized expenses related to terminated employees?

Accepted Answer

A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview. 
A)  All employee issued technology, including storage devices, are collected at the exit interview. 
B)  Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. 
C)  Employee access to the system is disabled immediately upon termination. 
D)  Terminated employees sign a noncompete agreement during the exit interview.

What kind of risk might employee social events prevent?

What type of control activity is implemented to prevent malicious actions against company systems and data?

What type of processing accumulates transactions into groups and processes them at regular intervals?

JIT Technologies promoted Jorge during his last performance evaluation. The promotion also included a raise. What HR related activity is involved with Jorge's good news?

Payroll includes

Which of the following events constitutes an employee termination?

The human resources department activities are part of the

Which term is accurately described as the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company?

Along with raw materials, which of the following is also considered an input to a business?

What type of HR control activity is implemented to prevent a wrongful termination lawsuit?

Which relationship between human resources (HR) and payroll is best for business?

Which of the following statements about control activities related to employee onboarding is FALSE?

Evaluate the journal entry below: Employee Benefits Expense 5,000 Employee Health Insurance Payable 5,000 When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

What business process calculates wages to compensate employees with their entitled pay?

Employee payroll deductions become

Employee vacation and paid-time-off benefits accrual include a debit to an expense account and a credit to a(n)

What department is involved in employee termination administrative processes?

Which of the following is the responsibility of HR during the employee termination process?

Employee compensation involves

What type of control activity is implemented to prevent unauthorized expenses related to terminated employees?

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Emerging and Disruptive Technologies

Documenting Systems and Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters

Exam 9: Human Resources and Payroll Processes

What kind of risk might employee social events prevent?

What type of control activity is implemented to prevent malicious actions against company systems and data?

What type of processing accumulates transactions into groups and processes them at regular intervals?

JIT Technologies promoted Jorge during his last performance evaluation. The promotion also included a raise. What HR related activity is involved with Jorge's good news?

Payroll includes

Which of the following events constitutes an employee termination?

The human resources department activities are part of the

Which term is accurately described as the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company?

Along with raw materials, which of the following is also considered an input to a business?

What type of HR control activity is implemented to prevent a wrongful termination lawsuit?

Which relationship between human resources (HR) and payroll is best for business?

Which of the following statements about control activities related to employee onboarding is FALSE?

Evaluate the journal entry below: Employee Benefits Expense 5,000 Employee Health Insurance Payable 5,000 When the company pays the health insurance premium to the provider, what journal entry occurs in the information system?

What business process calculates wages to compensate employees with their entitled pay?

Employee payroll deductions become

Employee vacation and paid-time-off benefits accrual include a debit to an expense account and a credit to a(n)

What department is involved in employee termination administrative processes?

Which of the following is the responsibility of HR during the employee termination process?

Employee compensation involves

What type of control activity is implemented to prevent unauthorized expenses related to terminated employees?

Accounting As Information

Risks and Risk Assessments

Risk Management and Internal Controls

Software and Systems

Data Storage and Analysis

Systems and Database Design

Emerging and Disruptive Technologies

Documenting Systems and Processes

Purchasing and Payments Process

Conversion Processes

Marketing, Sales, and Collection Processes

Financial Reporting Processes

Information Systems and Controls

Fraud

Cybersecurity

Data Analytics

Data Visualization

Audit Assurance

Filters