Many Firms Outsource the Payroll Function of Paying Employees to Firms

question 95

Multiple Choice

Many firms outsource the payroll function of paying employees to firms such as ADP.Payroll is a(n) :

• A) value-chain activity.
• B) operation function.
• C) support function.
• D) supply-chain function.

Understand the principle of privity of contract and its exceptions, including the role of novation.

Appreciate the purpose and scope of contract law, including the doctrine of non est factum and its defenses.

Identify the roles of negotiable instruments in overriding privity rules and their impact on assignments.

Recognize the importance of equitable principles in contract law, including undue influence, misinterpretation, and the unconscionable bargain doctrine.

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Definitions:

UV Light

Ultraviolet light, a type of electromagnetic radiation that is not visible to the human eye, known for its ability to kill bacteria and cause skin damage.

Phospholipids

A class of lipids that form the main structural component of cell membranes, made up of two fatty acids, a glycerol unit, and a phosphate group.

Lipid Bilayer

Double layer of phospholipids arranged tail-to-tail; structural foundation of all cell membranes.

Hydrophobic Tails

The nonpolar, water-repelling part of a phospholipid molecule that faces inward, away from water, in the bilayer of cell membranes.