Contemporary payroll practices reﬂect:
A) The increased use of manual payroll accounting systems.
B) The strategic use of payroll data as a company planning tool.
C) The replacement of accounting personnel with computerized systems.
D) The decrease in labor costs that reﬂects the effect of the economic recession.

Question

Quizplus · Accepted Answer

Contemporary payroll practices reflect the strategic use of payroll data as a company planning tool, not the increased use of manual payroll accounting systems, the replacement of accounting personnel with computerized systems, or the decrease in labor costs that reflects the effect of the economic recession. The use of payroll data for strategic planning has become increasingly important as the workforce has become more diverse and companies have sought to optimize their operations and reduce costs.

Contemporary Payroll Practices Reﬂect