In Order to Smooth Out the Payroll Process and Avoid

question 68

Multiple Choice

In order to smooth out the payroll process and avoid the heavy workload that falls at the end of the payroll period, many companies will use this type of system--one that integrates their human resources and payroll functions.This system makes real-time personnel data available and the general ledger and production system can be automatically updated at the end of the payroll period.

• A)Online software systems
• B)Batch processing
• C)Electronic timekeeping
• D)Outsourcing of payroll services

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Definitions:

Coordination

The organization of different elements or activities in a systematic way to ensure efficient operation and achieve desired outcomes.

Comparative Advantage

An economic theory suggesting that countries or entities gain and benefit from trading if they specialize in producing goods for which they have a lower opportunity cost.

Corporate Codes

Rules, guidelines, and standards adopted by companies to govern behavior and ensure ethical practice and compliance within the organization.

Public Pressure

The influence exerted by the general public or specific groups to sway the actions or decisions of individuals, organizations, or governments.