Which of the Following Is False Regarding the Payroll Process

question 116

Multiple Choice

Which of the following is false regarding the payroll process?

• A) it supports the repetitive work routines of the payroll department
• 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

Recognize software used for educational purposes and its benefits.

Differentiate between software used for image editing and desktop publishing.

Understand the roles and legal responsibilities of incorporators, promoters, and shareholders within a corporation.

Analyze the legal doctrines that allow personal suits against individuals for corporate actions and the concept of piercing the corporate veil.

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Definitions:

Literal Infringement

A direct violation of the specific words or terms in a patent or copyright, without consideration for any underlying intention or interpretation.

Patentee

A patentee is the individual or entity that has been granted the exclusive rights to an invention by a patent office for a specified period.

Specification

A detailed description of the design, materials, and requirements of a project or product.

Relevant Field

An area of study, expertise, or interest that is pertinent or applicable to a particular subject, task, or context.