If There Is an Error in Wage Rates,such Errors Can

question 40

Multiple Choice

If there is an error in wage rates,such errors can typically escalate into material amounts.What characteristic of the human resources and payroll cycle causes this?

• A)many repeated transactions
• B)the presence of independent verification
• C)the use of outsourcing organizations for payroll
• D)an error in the starting cheque number in a cheque run

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Definitions:

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.

Intended Beneficiary

An individual or group for whom a contract is specifically designed to benefit.

Promisor

The person who makes a promise or agreement to do something, especially in a contract.

Promisee

The person to whom a promise is made in a contract, who stands to benefit from its fulfillment.