Why Was the Payroll Office, Once a Constant Feature of HR

question 19

Multiple Choice

Why was the payroll office, once a constant feature of HR departments, was removed from HR?

• A) Payroll became too much work for the human resource staff.
• B) Human resources lost a political struggle with the finance department for the control of the payroll activity.
• C) It was seen as more efficient to have payroll done by an outside service.
• D) The most applicable knowledge and expertise became centered in activities having to do with accounting and finance.

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Definitions:

Gain Or Loss

The financial result that occurs when the selling price of an asset differs from its carrying amount at the time of sale or disposal.

Sinking Fund Bond

A type of bond that includes a fund set aside by the issuer to repay the bond at maturity, ensuring the bond's eventual payoff.

Specific Assets

Specific assets are identifiable and tangible assets like machinery, land, or buildings that a company owns and utilizes in its operations.

Board Of Directors

A group of individuals elected by the shareholders of a corporation to oversee and make decisions on behalf of the corporation.