Exam 15: The Human Resources Management and Payroll Cycle

Companies that specialize in processing payroll are known as

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

Experts estimate that,on average,the costs associated with replacing an employee are about ________ the employee's annual salary.

Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals?

What controls are available to address the threat of payroll errors?

Which of the following will limit a firm's potential loss exposure from paycheck forgery?

Many companies offer their employees a "cafeteria" approach to voluntary benefits in which employees can pick and choose the benefits they want.This plan is normally called a(n)

Which of the following documents would be likely to yield the greatest cost saving by converting from paper to electronic?

What is a potential threat to the specific activity of payroll processing?

Which of the following is not a benefit of using a payroll service bureau or a professional employer organization?

As each payroll transaction is processed,the system should also

A growing number of companies require some of their upper level executives to spend time performing job duties of rank-and-file employees.When the CEO of Loews Hotels assumed the role of bellman,he discovered

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

Which activity below is not performed by Human Resources management (HRM)?

Which organization provides payroll processing as well as other HRM services,like employee benefit design and administration?

Describe the basic activities in an HRM/payroll cycle.

Describe benefits and threats of incentive and bonus programs.

Who does the payroll system issue checks to?

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.

________ are used to transmit time and attendance data directly to the payroll processing system.