The Departmental Responsibilities of the Payroll Function Include All of the Following

question 6

Multiple Choice

The departmental responsibilities of the payroll function include all of the following except:

• A)Reviewing the labor hours on the time record for accuracy.
• B)Summarizing the period's payroll data.
• C)Keeping a record of earnings for each employee.
• D)Computing deductions and withholdings for each employee.

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Definitions:

Productivity

A measure of the efficiency of production that is often quantified as the ratio of output to inputs used in the production process, such as labor and capital.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate in relation to each other.

Labor Productivity

Output per unit of labor; measured as real GDP divided by the hours of labor employed to produce that output.

Production Possibilities Frontier (PPF)

A curve showing alternative combinations of goods that can be produced when available resources are used efficiently; a boundary line between inefficient and unattainable combinations.