Payroll Functions Include All of the Following Except

question 36

Multiple Choice

Payroll functions include all of the following except:

• A) hiring employees.
• B) deciding on the number of workers required to work on a particular day.
• C) preparing the payroll.
• D) protecting unclaimed wages.

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Definitions:

Activity Ratios

Financial ratios that measure the speed with which various asset accounts are converted into sales or cash.

Asset Usage

Refers to how effectively a business utilizes its resources, including physical assets, to generate revenue or achieve its objectives.

Sales

Represent the transactions involving the exchange of goods or services for money, which are pivotal to the revenue generation of a company.

Balance Sheet

A financial statement that presents a company's financial position at a specific point in time, detailing assets, liabilities, and shareholders' equity.