1) Which activity below is not performed by the HRM? Show A) compensation B) training C) discharge D) recruitment and hiring 2) 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 A) sales commission statements be supported by sales order forms signed by the customer and approved by the sales manager. B) sales order forms be prenumbered and accounted for by the sales department manager. C) sales orders and commission statements be approved by the accounting department. D) disbursement vouchers for commission payments be reviewed by the internal audit department and compared to sales commission statements and sales orders. A. Sales commission statements be supported by sales order forms signed by the customer and approved by the sales manager 3) Which department should have the sole ability to provide information to the AIS about hiring, terminations, and pay rate changes? A) payroll B) timekeeping C) production D) HRM 4) Which of the following is not one of the major sources of input to the payroll system? A) payroll rate changes B) time and attendance data C) checks to insurance and benefits providers D) withholdings and deduction requests from employees C) checks to insurance and benefits providers 5) In the payroll system, checks are issued to A) employees and to banks participating in direct deposit. B) a company payroll bank account. C) government agencies. D) All of the above are correct. D) All of the above are correct. 6) Experts estimate that on average the costs associated with replacing an employee are about ________ that of the employee's annual salary. A) one-quarter B) one-half C) one and one-half D) twice 7) For recording time spent on specific work projects, manufacturing companies usually use a A) job time ticket. B) time card. C) time clock. D) labor time card. 8) Regarding the use of incentives, commissions and bonuses in payroll, which of the following statements is false? A) Using incentives, commissions, and bonuses requires linking the payroll system and the information systems of sales and other cycles in order to collect the data used to calculate bonuses. B) Bonus/incentive schemes must be properly designed with realistic, attainable goals that can be objectively measured. C) Incentive schemes can result in undesirable behavior. D) All of the above are true. D) All of the above are true. 9) What is not a desired result of an employee bonus/incentive system? 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. 10) These are used to transmit time and attendance data directly to the payroll processing system. A) Badge readers B) Electronic time clocks C) Magnetic cards D) none of the above B) Electronic time clocks 11) Payroll deductions fall into the broad categories of ________ and ________. A) payroll tax withholdings; voluntary deductions B) unemployment; social security taxes C) unemployment taxes; income taxes D) voluntary deductions; income taxes A. payroll tax withholdings; voluntary deductions 12) Which of the following deductions is not classified as a voluntary deduction? A) pension plan contributions B) social security withholdings C) insurance premiums D) deductions for a charity organization B. social security withholdings 13) Which type of payroll report contains information such as the employees' gross pay, payroll deductions, and net pay in a multicolumn format? A) payroll register B) deduction register C) employee earnings statement D) federal W-4 form 14) Which type of payroll report lists the voluntary deductions for each employee? A) payroll register B) deduction register C) earnings statement D) federal W-4 form 15) Which type of payroll report includes the details of the current paycheck and deductions as well as year-to-date totals? A) payroll register B) deduction register C) earnings statement D) federal W-4 form 16) Why is a separate payroll account used to clear payroll checks? A) for internal control purposes to help limit any exposure to loss by the company B) to make bank reconciliation easier C) banks don't like to commingle payroll and expense checks D) All of the above are correct. A. for internal control purposes to help limit any exposure to loss by the company 17) One good way to eliminate paper paychecks is to A) pay in cash only. B) pay with money orders. C) use direct deposit. D) use Electronic Funds Transfer. 18) What step can be taken to reduce the distribution of fraudulent paychecks? A) have internal audit investigate unclaimed paychecks B) allow department managers to investigate unclaimed paychecks C) immediately mark "void" across all unclaimed paychecks D) match up all paychecks with time cards A) have internal audit investigate unclaimed paychecks 19) Companies that specialize in processing payroll are known as A) paycheck distribution companies. B) payroll service bureaus. C) professional employer organizations. D) semi-governmental organizations. B. payroll service bureaus 20) This organization provides payroll processing as well as other HRM services, such as employee benefit design and administration. A) Cashier B) Payroll service bureau C) Professional employer organization D) Paycheck distribution companies C) Professional employer organization 21) Which of the following is not a benefit of using a payroll service bureau or a professional employer organization? A) Freeing up of computer resources B) Increased internal control C) Reduced costs D) Wider range of benefits B. Increased internal control 22) 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) A) elective plan. B) menu options benefit plan. C) flexible benefit plan. D) buffet plan. C) flexible benefit plan. 23) Pay rate information is stored in A) employees' personnel files. B) employee subsidiary ledgers. C) the payroll master file. D) electronic time cards. C) the payroll master file. 24) The payroll transaction file would contain A) entries to add new hires. B) time card data. C) changes in tax rates. D) All of the above are correct. 25) The document that lists each employee's gross pay, payroll deductions, and net pay in a multicolumn format is called A) an employee earnings statement. B) the payroll register. C) a deduction register. D) an employee time sheet summary. 26) As the payroll system processes each payroll transaction, the system should also perform which activity listed below? A) allocate labor costs to appropriate general ledger accounts B) use cumulative totals generated from a payroll to create a summary journal entry to be posted to the general ledger C) both A and B above D) The HRM system should not perform either activity A or B. 27) 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? A) The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account. B) The cashier does not have to sign employee paychecks. C) Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited. D) Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check. A) The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking accoun 28) The employer pays a portion of some payroll taxes and employee benefits. Both the employee and employer pay which benefit or tax listed below? A) social security taxes B) federal income taxes C) state income taxes D) none of the above 29) When using electronic documents, ________ increase the accuracy of data entry. A) access controls B) separation of duties C) general controls D) application controls 30) The key to preventing unauthorized changes to the payroll master file is A) hiring totally honest people to access and make changes to this file. B) segregation of duties between the preparation of paychecks and their distribution. C) segregation of duties between the authorization of changes and the physical handling of paychecks. D) having the controller closely review and then approve any changes to the master file. C. segregation of duties between the authorization of changes and physical handling of paychecks 31) Which of the following is not a potential effect of inaccurate data on employee time cards? A) increased labor expenses B) erroneous labor expense reports C) damaged employee morale D) inaccurate calculation of overhead costs D) inaccurate calculation of overhead costs 32) Which control would be most appropriate to address the problem of inaccurate payroll processing? A) encryption B) direct deposit C) cross-footing of the payroll register D) an imprest payroll checking account C) cross-footing of the payroll register 33) What is the purpose of a general ledger payroll clearing account? A) to check the accuracy and completeness of payroll recording and its allocation to cost centers B) to make the bank reconciliation easier C) to make sure that all employees are paid correctly each week D) to prevent the cashier from having complete control of the payroll cycle A) to check the accuracy and completeness of payroll recording and its allocation to cost centers 34) A "zero balance check" refers to which of the following control procedures? A) a type of batch total B) cross-footing the payroll register C) the payroll clearing account shows a zero balance once all entries are posted D) trial balance showing that debits equal credits C) the payroll clearing account shows a zero balance once all entries are posted 35) All of the following are controls that should be implemented in a payroll process, except A) supervisors distribute paychecks since they should know all employees in their department. B) someone independent of the payroll process should reconcile the payroll bank account. C) sequential numbering of paychecks and accounting for the numbers. D) restrict access to blank payroll checks and documents. A) supervisors distribute paychecks since they should know all employees in their department. 36) What is the best control to reduce the risk of losing payroll data? A) passwords B) physical security controls C) backup and disaster recovery procedures D) encryption C. backup and disaster recovery procedures 37) The threat of violation of employment laws relates directly to which activity? A) payroll processing B) collecting employee time data C) hiring and recruiting D) all of the above 38) What is a potential threat to the specific activity of payroll processing? A) hiring unqualified employees B) poor system performance C) violations of employment laws D) unauthorized changes to the payroll master file D) unauthorized changes to the payroll master file 39) The results of an internal audit finds that there is a problem with inaccurate time data being entered into the payroll system. What is an applicable control that can help prevent this event from occurring in the future? A) proper segregation of duties B) automation of data collection C) sound hiring procedures D) review of appropriate performance metrics B) automation of data collection 40) Which of the following is a control that can be implemented to help prevent paychecks being issued to a "phantom" or "ghost" employee? A) The cashier should sign all payroll checks. B) Sequentially 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 time data or record payroll. D) Paychecks should be physically distributed by someone who does not authorize time data or record payroll. 41) The average annual middle-management salary at Folding Squid Technologies is $60,000. If the average turnover rate for middle management is ten employees per year, what is the approximate average annual cost of turnover? A) $300,000 B) $600,000 C) $900,000 D) $1,200,000 42) Which of the following will contribute to the efficiency of a payroll system? 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 D) Direct deposit of checks 43) Which of the following will limit a firm's potential loss exposure from paycheck forgery? 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 C. a separate payroll bank account 44) Which of the following is a control that addresses the threat of unauthorized changes to the payroll master file? A) Field checks B) Batch totals C) Segregation of duties D) Sound hiring procedures 45) Which of the following documents would be likely to yield the greatest cost saving by converting from paper to electronic? A) Payroll register B) Earnings statement C) Deduction register D) Time card How do you keep track of time spent on tasks?How to Keep Track of Time Worked?. Paper Timesheets. The paper method is the simplest way to track time. ... . Spreadsheets. Another way of tracking time is by using Excel spreadsheets. ... . Time Tracking Software. ... . Asana. ... . Boomr. ... . Teamwork Projects. ... . Basecamp. ... . Trello.. What is the best time tracking software?Conclusion. Time Doctor – Best for keeping tabs on remote employees.. Clockify – Best reporting features.. Toggl Track – Best for holding everyone accountable.. QuickBooks Time (formerly TSheets) – Best for GPS monitoring.. Tick – Best for SMB time management.. Lathem – Best for employee time tracking.. How can I track my working time?16 best productivity and employee time tracking apps of 2022. DeskTime. DeskTime is a simple-to-use time tracking app that combines three crucial features - employee monitoring, project management and productivity analysis. ... . ProofHub. ... . Hours. ... . Timecamp. ... . Time Doctor. ... . Toggl. ... . Hubstaff. ... . Which tool will be used to track the day to day operations in real time?TimeDoctor. TimeDoctor is a time tracking and employee monitoring tool that analyzes how your employees are spending their work time. This application helps managers stay in the loop with daily employee activities— which is extremely useful if your team has remote employees.
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Which of the following is used to track time spent performing tasks for specific clients?
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