When the Weekly Payroll Edit Run Rejects an Item, Follow-Up

question 64

Multiple Choice

When the weekly payroll edit run rejects an item, follow-up to see that the data is corrected and resubmitted is the responsibility of the:

• A) data control department.
• B) timekeeping department.
• C) payroll department.
• D) data entry department.
• E) personnel department.

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which may not reflect the market value.

Net Loss

The amount by which total expenses exceed total revenues for a business, indicating a negative financial performance for a specific period.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company’s profits through dividends.

Share Earnings

Often referred to as earnings per share (EPS), it's the portion of a company's profit allocated to each outstanding share of common stock.