Which One of the Following General Statements About Payroll Is

question 2

Multiple Choice

Which one of the following general statements about payroll is incorrect -

• A)all payroll cheque run entries are recorded with the same posting date
• B)quick add will add the employee name to the payroll ledger
• C)one-time bonus payments should be recorded separately
• D)you may edit any field that is not dimmed

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Definitions:

Pure Monopsony

A market condition where there is only one buyer for many sellers, giving the buyer significant power over prices and terms of sale.

Labor Market

The supply and demand for labor, in which employees provide the supply and employers provide the demand.

Employment Opportunities

Job openings available in the economy for individuals seeking employment, reflecting the demand for labor and the health of the economic environment.

Taft-Hartley Act

A U.S. law enacted in 1947 that restricts the activities and power of labor unions.