Which of the Following Is False Regarding the Payroll Process

question 63

Multiple Choice

Which of the following is false regarding the payroll process?

• A)it supports the repetitive work routines of the payroll process
• B)because payroll is a key competency, it typically does not make sense to outsource this process
• C)it maintains data for payroll taxes and fringe benefits
• D)moving from bi-weekly to monthly payroll can reduce costs by 30 to 50 percent

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Definitions:

Job Status

The relative importance or prestige assigned to a job or position within an organization, which can affect motivation and job satisfaction.

Competency Approach

A methodology that prioritizes the skills, knowledge, and behaviors necessary for effective performance in a job role.

Job Evaluation

The systematic process of determining the relative worth of jobs within an organization to establish fair compensation.

Priority

The level of importance assigned to tasks or goals, guiding the order or attention they receive.