Exam 15: The Human Resources Management and Payroll Cycle

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

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Question 1

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Describe benefits and threats of incentive and bonus programs.

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Question 2

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Sales staffs are often paid either on a straight commission basis or a combination of a salary plus commissions.This is done to keep sales at a certain level or to increase sales.The HRM/payroll system will need input from the sales and other cycles to properly calculate commissions and bonuses for such employees.It is important that an incentive and bonus system sets realistic,attainable goals that are congruent with corporate objectives.It is also important that managers monitor incentive and bonus goals and ensure that the attainment of such goals is appropriate for the organization and does not lead to undesirable behavior,which can result from poorly designed incentive schemes.

For recording time spent on specific work projects,manufacturing companies usually use a

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Question 3

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Because many HRM / payroll master databases typically contain only descriptive information (such as which employees possess which skills),many firms have deployed ________ to more effectively leverage employees knowledge and skills.

(Multiple Choice)

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Question 4

Which of the following is generally not a major source of input to a payroll system?

(Multiple Choice)

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Question 5

Which department should have the sole ability to provide information to the AIS about hiring,terminations,and pay rate changes?

(Multiple Choice)

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Question 6

The average annual management salary at Iyov Management is $100,000.If the average turnover rate for employees is six per year,what is the approximate average annual cost of turnover?

(Multiple Choice)

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Question 7

The HRM department should immediately delete records of employees who quit to prevent other employees from assuming their identities.

(True/False)

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Question 8

Falk Noam is the internal auditor for Matan Incorporated.Before investigating the HRM / payroll cycle at Matan,Falk decided to read up on the proper segregation of duties regarding payroll disbursement processes.For strongest segregation of duties,the ________ should periodically observe the paycheck distribution process.

(Multiple Choice)

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Question 9

The sales department administrative assistant has been assigning phone order sales to her brother-in-law,a company sales person.Company policy is to pay commissions only on orders directly received by sales people,not on orders received over the phone.The resulting fraudulent commission payments might best have been prevented by requiring that

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Question 10

Discuss the reasons small and midsized businesses are attracted to payroll service bureaus and PEOs.

(Essay)

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Question 11

Which type of payroll report lists the voluntary deductions for each employee?

(Multiple Choice)

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Question 12

Executive immersion experiences are important because

(Multiple Choice)

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Question 13

Identify the two types of payroll deductions and give two examples of each type.

(Essay)

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Question 14

A "zero balance check" refers to which of the following control procedures?

(Multiple Choice)

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Question 15

Identify the following item that should contribute to the efficiency of a payroll system.

(Multiple Choice)

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Question 16

Discuss the threat of unauthorized changes to the payroll master file and its consequences.

(Essay)

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Question 17

Which of the following is a control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

(Multiple Choice)

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Question 18

The most vital control in preventing unauthorized changes to the payroll master file is

(Multiple Choice)

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Question 19

A report of income paid to independent contractors is called

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Question 20

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Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

Describe benefits and threats of incentive and bonus programs.

For recording time spent on specific work projects,manufacturing companies usually use a

Because many HRM / payroll master databases typically contain only descriptive information (such as which employees possess which skills),many firms have deployed ________ to more effectively leverage employees knowledge and skills.

Which of the following is generally not a major source of input to a payroll system?

Which department should have the sole ability to provide information to the AIS about hiring,terminations,and pay rate changes?

The average annual management salary at Iyov Management is $100,000.If the average turnover rate for employees is six per year,what is the approximate average annual cost of turnover?

The HRM department should immediately delete records of employees who quit to prevent other employees from assuming their identities.

Discuss the reasons small and midsized businesses are attracted to payroll service bureaus and PEOs.

Which type of payroll report lists the voluntary deductions for each employee?

Executive immersion experiences are important because

Identify the two types of payroll deductions and give two examples of each type.

A "zero balance check" refers to which of the following control procedures?

Identify the following item that should contribute to the efficiency of a payroll system.

Discuss the threat of unauthorized changes to the payroll master file and its consequences.

Which of the following is a control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

The most vital control in preventing unauthorized changes to the payroll master file is

A report of income paid to independent contractors is called

Conceptual Foundations of Accounting Information Systems

Overview of Transaction Processing and Enterprise Resource Planning Systems

Systems Documentation Techniques

Relational Databases

Computer Fraud

Computer Fraud and Abuse Techniques

Control and Accounting Information Systems

Controls for Information Security

Confidentiality and Privacy Controls

Processing Integrity and Availability Controls

Auditing Computer-Based Information Systems

The Revenue Cycle: Sales to Cash Collections

The Expenditure Cycle: Purchasing to Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Database Design Using the Rea Data Model

Implementing an Rea Model in a Relational Database

Special Topics in Rea Modeling

Introduction to Systems Development and Systems Analysis

Ais Development Strategies

Systems Design, implementation, and Operation

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