Payroll Checks Should Be Distributed by Someone Independent of the Payroll

question 29

True/False

Payroll checks should be distributed by someone independent of the payroll and timekeeping functions.

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Definitions:

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from being personally liable for the company's debts and obligations.

Fraud

A deliberate deception to secure unfair or unlawful gain.

Express Corporate Powers

The specific authorities granted to a corporation through its charter and state law, allowing it to perform certain actions.

Corporate Veil

A legal concept that separates the identity and responsibilities of a corporation from those of its shareholders, protecting them from personal liability in most cases.