An Integrated IT System of Payroll and Human Resources May

question 81

Multiple Choice

An integrated IT system of payroll and human resources may have extra risks above those of a manual system.Passwords and access logs are controls that should be used in these integrated systems to lessen the risk of:

• A)Hardware failures
• B)Erroneous data input
• C)Payroll data that does not reconcile to time cards
• D)Unauthorized access to payroll data

---

Definitions:

For The Month

A phrase typically used to specify financial or operational activities or measurements within a specific month.

Variable Costing

An accounting method that only includes variable costs (costs that change with production levels) in the cost of goods sold and calculates fixed costs as period costs.

Net Operating Income

The total revenue from a business's operations minus its operating expenses, excluding taxes and interest.

Operating Loss

A situation where a company's operating expenses exceed its gross profits, indicating a negative profitability from business operations.