In Order to Smooth Out the Payroll Process and Avoid

question 89

Multiple Choice

In order to smooth out the payroll process and avoid the heavy workload that falls at the end of the payroll period, many companies will use this type of system - one that integrates their human resources and payroll functions.This system makes real-time personnel data available and the general ledger and production system can be automatically updated at the end of the payroll period.

• A)Online Software Systems
• B)Batch Processing
• C)Electronic Timekeeping
• D)Outsourcing of Payroll Services

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Definitions:

Supply Chain Management

The actions the firm takes to coordinate the various flows within a supply chain.

Materials Management

The inbound movement and storage of materials in preparation for those materials to enter and flow through the manufacturing process.

Push Strategy

A supply chain strategy in which a company builds goods based on a sales forecast, puts those goods into storage, and waits for a customer to order the product.

Responsive Supply Chain

A supply chain structured to quickly respond to market changes and customer demands.