Exam 12: Transaction Cycle The HR Management and Payroll Cycle

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The two key processes in performance management are:

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Which of the following regarding the salary or wage of an employee is true?

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Which of the following regarding leave entitlements is true?

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All recruiting and retention activities should be guided by:

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Which of the following is not involved in the payroll process?

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When are data about a new employee created and who creates them?

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What are the typical risks encountered during performance review and what are the possible control measures?

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When making electronic payments to employees,an organisation must consider:

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Which of the following is not a typical risk encountered during employee induction?

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Which of the following is not directly involved in the calculation of payroll?

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Briefly explain how a performance review is done and the persons involved.

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Give two examples of operation level decisions in the HR management and payroll cycle.Explain.

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Which of the following linkages between the various cycles are made easier by an ERP system?

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The inability to retain existing staff members leads to: (i)limitation of the skill sets available to the organisation (ii)expensive staff replacements (iii)disruptive staff replacements (iv)severe legal consequences.

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What are the basic functions of the human resource phase in the HR management and payroll cycle and what is its objective? Explain.

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The objective of the human resources function is to:

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Give three KPI that can be used to measure the objective of "Effectively,efficiently and objectively recruit suitable staff".

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Which of the following is not a risk that occurs during payroll disbursement?

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The HR management and payroll cycle must be aligned primarily with:

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Which of the following is less likely to be a KPI that can be used to measure the objective of "Manage regular and effective employee performance reviews"?

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