Question 1

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

Accepted Answer

Many problems may result when there are

Question 2

Which of the following will contribute to the efficiency of a payroll system?

Accepted Answer

A) Segregation of check distribution from payroll duties 
B) Prompt redeposit of unclaimed paychecks 
C) A separate payroll bank account 
D) Direct deposit of checks 
A) Segregation of check distribution from payroll duties 
B) Prompt redeposit of unclaimed paychecks 
C) A separate payroll bank account 
D) Direct deposit of checks

Question 3

Many companies use incentives and bonuses to motivate greater productivity and better quality work.An effective bonus/incentive system should incorporate realistic,attainable goals that can be objectively measured.What is not a desired result of an employee bonus/incentive system?

Accepted Answer

A) employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus 
B) employees may look for ways to improve service 
C) employees may analyze their work environment and find ways to cut costs 
D) employees may work harder and may be more motivated to exceed target goals to earn a bonus 
A) employees may recommend unnecessary services to customers in order to exceed set sales quotas and earn a bonus 
B) employees may look for ways to improve service 
C) employees may analyze their work environment and find ways to cut costs 
D) employees may work harder and may be more motivated to exceed target goals to earn a bonus

Question 4

Which of the following forms is used to report an employer's quarterly federal tax return?

Accepted Answer

A) 941 
B) W-2 
C) W-3 
D) 1099-Misc. 
A) 941 
B) W-2 
C) W-3 
D) 1099-Misc.

Question 5

One threat to the HRM/payroll cycle is the potential for violation of employment laws.This threat relates directly to the process or activity of

Accepted Answer

A) payroll processing. 
B) general activities found in the cycle. 
C) hiring and recruiting. 
D) none of the above 
A) payroll processing. 
B) general activities found in the cycle. 
C) hiring and recruiting. 
D) none of the above

Question 6

What are different types of deductions in payroll?

Accepted Answer

Payroll deductions include: Payroll tax

Question 7

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

Accepted Answer

A) elective plan. 
B) menu options benefit plan. 
C) flexible benefit plan. 
D) pay-as-you-go plan. 
A) elective plan. 
B) menu options benefit plan. 
C) flexible benefit plan. 
D) pay-as-you-go plan.

Question 8

What is the role of "soft assets" in the new information economy? Why has an AIS not reported on the company's human resources?

Accepted Answer

Soft assets represent intangible employe

Question 9

Theft or fraudulent distribution of payroll checks is a potential threat to the payroll processing activity.What is one control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

Accepted Answer

A) the cashier should sign all payroll checks 
B) prenumber all payroll checks 
C) use an imprest account to clear payroll checks 
D) paychecks should be physically distributed by someone who does not authorize or record payroll 
A) the cashier should sign all payroll checks 
B) prenumber all payroll checks 
C) use an imprest account to clear payroll checks 
D) paychecks should be physically distributed by someone who does not authorize or record payroll

Question 10

List the various ways used to compensate employees.

Accepted Answer

Hourly rate; Piece rate (based

Question 11

Which of the following is not a potential effect of inaccurate time data?

Accepted Answer

A) increased labor expenses 
B) erroneous labor expense reports 
C) damaged employee morale 
D) inaccurate calculation of overhead costs 
A) increased labor expenses 
B) erroneous labor expense reports 
C) damaged employee morale 
D) inaccurate calculation of overhead costs

Question 12

Some organizations outsource their payroll and/or HRM functions in an effort to reduce costs.A third party that maintains the payroll master file for each of its clients and processes payroll for them is called

Accepted Answer

A) a professional employer organization (PEO). 
B) a payroll service bureau. 
C) a value-added network. 
D) an electronic data interface. 
A) a professional employer organization (PEO). 
B) a payroll service bureau. 
C) a value-added network. 
D) an electronic data interface.

Question 13

What are some of the benefits of using incentives and bonuses? What are some dangers?

Accepted Answer

Sales staffs are often paid either on a

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

Which of the following will contribute to the efficiency of a payroll system?

Many companies use incentives and bonuses to motivate greater productivity and better quality work.An effective bonus/incentive system should incorporate realistic,attainable goals that can be objectively measured.What is not a desired result of an employee bonus/incentive system?

Which of the following forms is used to report an employer's quarterly federal tax return?

One threat to the HRM/payroll cycle is the potential for violation of employment laws.This threat relates directly to the process or activity of

What are different types of deductions in payroll?

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

What is the role of "soft assets" in the new information economy? Why has an AIS not reported on the company's human resources?

Theft or fraudulent distribution of payroll checks is a potential threat to the payroll processing activity.What is one control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

List the various ways used to compensate employees.

Which of the following is not a potential effect of inaccurate time data?

Some organizations outsource their payroll and/or HRM functions in an effort to reduce costs.A third party that maintains the payroll master file for each of its clients and processes payroll for them is called

What are some of the benefits of using incentives and bonuses? What are some dangers?

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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

Filters

Exam 13: The Human Resources Managementpayroll Cycle

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

Which of the following will contribute to the efficiency of a payroll system?

Many companies use incentives and bonuses to motivate greater productivity and better quality work.An effective bonus/incentive system should incorporate realistic,attainable goals that can be objectively measured.What is not a desired result of an employee bonus/incentive system?

Which of the following forms is used to report an employer's quarterly federal tax return?

One threat to the HRM/payroll cycle is the potential for violation of employment laws.This threat relates directly to the process or activity of

What are different types of deductions in payroll?

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

What is the role of "soft assets" in the new information economy? Why has an AIS not reported on the company's human resources?

Theft or fraudulent distribution of payroll checks is a potential threat to the payroll processing activity.What is one control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee?

List the various ways used to compensate employees.

Which of the following is not a potential effect of inaccurate time data?

Some organizations outsource their payroll and/or HRM functions in an effort to reduce costs.A third party that maintains the payroll master file for each of its clients and processes payroll for them is called

What are some of the benefits of using incentives and bonuses? What are some dangers?

Accounting Information Systems

Overview of Business Processes

Systems Development and Documentation Techniques

Relational Databases

Computer Fraud and Security

Control and Accounting Information Systems

Infromation System Controls for Systems Reliability

Auditing Computer-Based Information Systems

Auditing Computer-Based Informtion Systems

The Revenue Cycle: Sales an Cash Collections

The Expenditure Cycle: Purchasing and Cash Disbursements

The Production Cycle

General Ledger and Reporting System

Data Modeling and Database Design

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

Filters