Otto Decided to Outsource the Payroll Function to Magna Plus

question 48

Multiple Choice

Otto decided to outsource the payroll function to Magna Plus.For the purpose of an assurance engagement,Magna is considered a

• A)service organization.
• B)user entity.
• C)payroll administrator.
• D)human resource company.

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Definitions:

Torque

A measure of rotational force, indicating the power an engine or motor generates to turn a shaft or wheel, crucial in determining a vehicle's acceleration and load-carrying capacity.

Output Split

Output Split is a term used in powertrain technology to describe a method of distributing power output between different pathways or components, such as in hybrid vehicles.

Front Axle

The foremost axle in a vehicle, which is typically responsible for steering.

Planetary Gearsets

A gear system consisting of one or more outer gears (planet gears) revolving around a central (sun) gear, used in transmissions to offer multiple gear ratios.