Question 1

Which area provides information to the system about hiring,terminations,and pay rate changes?

Accepted Answer

HRM (Human Resource Management) provides information to the system about hiring, terminations, and pay rate changes. Payroll may also receive this information from HRM, but it is not the area that provides it to the system. Timekeeping and purchasing do not typically handle this type of information.

Question 2

Which activity below is not performed by the HRM?

Accepted Answer

A

Question 3

Some companies have created a position called "director of intellectual assets." What is the objective of this position?

Accepted Answer

The objective of a director of intellectual assets is to measure and develop intellectual assets, such as patents and trademarks, as well as human resources, including employee expertise and knowledge. This position is primarily focused on managing and utilizing the company's intellectual property to benefit the overall growth and success of the organization, making choice A the best answer. B and C may also be important functions of a director of intellectual assets, but they are not the primary objective of the position.

Question 4

Time cards are generally used for employees who are paid on a(n)

Accepted Answer

Time cards are used for tracking the hours worked by employees who are paid on an hourly basis. This helps the employer to calculate the wages and overtime due to the employee accurately.

Question 5

In most companies the HRM/payroll cycle activities are accomplished by two separate systems.Which task below is typically not performed by an HRM system?

Accepted Answer

Compensation is typically handled by the payroll system, not the HRM system.

Question 6

For recording time spent on specific work projects,manufacturing companies usually use a

Accepted Answer

Manufacturing companies usually use a job time ticket to record time spent on specific work projects. This is a specific type of time card designed for tracking time by job or project, and it typically includes details such as the job or project name, the employee or team working on the job, the date and time worked, and any notes or comments related to the work performed. This information is used to track project progress, analyze labor costs, and make informed decisions about resource allocation and scheduling. Time clocks and labor time cards may also be used in conjunction with job time tickets, but they are not specifically designed for tracking time by job or project.

Question 7

Employee turnover will always occur and some experts believe it may even be desirable in an organization.Experts estimate that on average the costs associated with replacing an employee are about __________ that of the employee's annual salary.

Accepted Answer

Experts estimate that on average the costs associated with replacing an employee are about one and one-half times the employee's annual salary. This includes costs associated with recruitment, onboarding, training, lost productivity during the transition, and potential impact on team morale. It is important for organizations to consider these costs when making decisions about managing employee turnover.

Question 8

Which category of employee below is least likely to use a time card or electronic time clock to track their hours?

Accepted Answer

Managers and professional staff are typically salaried employees who do not need to track their time in the same way hourly employees do. They are expected to manage their time and workload to fulfill their job responsibilities, rather than track specific hours worked.

Question 9

Which of the following is most likely to be a daily activity in the HRM/Payroll system?

Accepted Answer

Updating the HRM/Payroll database is a daily activity that is necessary for maintaining accurate records of employee information, such as work hours, vacations, and sick days. This data is crucial for processing payroll and generating reports for management. While the other choices may be part of the payroll process, they are not necessarily daily activities. Approving payroll disbursement and signing payroll checks, for example, may only occur once or twice a month, depending on the payroll schedule. And preparing paychecks may only happen when new employees are hired or when changes are made to an employee's pay rate or deductions.

Question 10

In the payroll system,checks are issued to

Accepted Answer

Checks in the payroll system can be issued to employees as well as banks participating in direct deposit. Additionally, a separate payroll bank account may be used for payroll transactions, and payments may need to be made to government agencies for taxes and other purposes. Therefore, all of the above options are correct.

Question 11

The first step in the payroll process is to

Accepted Answer

The answer of The first step in the payroll process...

Question 12

Some stock analysts believe that a company's human resources may be worth several times the value of its tangible assets.However,the AIS typically does not account for or track such assets.Why is this the case?

Accepted Answer

The value of human resources is only acknowledged when used and is tracked as an expenditure and not an asset.

Question 13

Regarding the use of incentives,commissions and bonuses in payroll,which of the following statements is false?

Accepted Answer

All the statements A, B, and C are true regarding the use of incentives, commissions, and bonuses in payroll.

Question 14

What is the payroll system's principal output?

Accepted Answer

The principal output of a payroll system is checks to employees for their salary and wages earned during the pay period.

Question 15

The payroll master file is updated with

Accepted Answer

A) The payroll master file needs to be updated with new hire and termination data to ensure accurate pay calculations and employee records.

B) Changes in pay rates and discretionary withholdings also need to be updated in the payroll master file to ensure accurate pay calculations and tax withholdings.

C) Changes in time card data are typically used to calculate employee hours worked, which is then used to calculate gross pay. This information may be used to update the payroll master file, but it is not the primary purpose of the file.

Therefore, both A and B are correct and provide the necessary updates to maintain accurate payroll records.

Question 16

Which of the following is not one of the major sources of input to the payroll system?

Accepted Answer

While insurance and benefits may affect an employee's pay, it is not a direct input to the payroll system. The major sources of input to the payroll system are payroll changes, time and attendance data, and withholdings and deduction requests from employees.

Question 17

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

This option describes unethical behavior that may occur when the incentive system is focused solely on sales quotas, rather than on overall performance or customer satisfaction. Encouraging employees to recommend unnecessary services can damage the company's reputation and lead to mistrust from customers.

Question 18

Given the four activities below,which of the HRM/payroll cycle activities occurs infrequently relative to the others?

Accepted Answer

Updating information about tax rates and withholdings occurs infrequently compared to the other activities, as tax rates and withholdings typically change annually or semi-annually, whereas the other activities occur on a more regular basis, such as weekly or bi-weekly.

Question 19

When a person quits or is terminated from a company,what should be done with the person's record in the payroll system?

Accepted Answer

The payroll record of a terminated employee should be kept at least until the end of the current year. This is important for record-keeping purposes to ensure proper tax reporting and auditing. After the current year, the record can be deleted or archived as per the company's retention policies. It is not necessary to keep the record indefinitely, and deleting it immediately could pose legal and financial risks for the company.

Question 20

Payroll is one AIS application that is processed in __________ mode.

Accepted Answer

Payroll processing usually involves a large volume of data, making it inefficient and time-consuming to process in real-time or sequential mode. Batch processing allows for the simultaneous processing of multiple transactions, making it the best mode for payroll processing.

Quiz 13: The Human Resources Managementpayroll Cycle