Managing Pay and Payroll Is an Example of A(n)

question 39

Multiple Choice

Managing pay and payroll is an example of a(n) :

• A)Accounting Business Process
• B)Finance Business Process
• C)Marketing Business Process
• D)Human Resources Business Process
• E)Management Information Systems Business Processes

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Definitions:

Mail Float

The time delay between when a check is written and mailed, and when the recipient actually receives and processes the payment.

Processing Float

The time difference between when a payment is made and the funds are actually available in the payee's account.

Credit Policy

Guidelines that govern a company's extension of credit to customers, determining who is eligible and on what terms.

Credit Sales

Sales made by a business on credit, allowing customers to pay at a later date.