Which of the Following Descriptions of the HR Management and Payroll

question 20

Multiple Choice

Which of the following descriptions of the HR management and payroll cycle is NOT true?

• A)All decision making in the cycle should involve both deep and broad analysis prior to a decision being taken.
• B)Operational decisions are typically made by senior staff and relate only to a specific instance of the cycle.
• C)To be effective strategic level process business decisions made in the cycle should be congruent with the overarching business strategy.
• D)To develop employee payment policies and procedures,one needs knowledge of applicable employee legislation,industry standards and legal requirements.

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Definitions:

Accumulated Depreciation

The cumulative amount of depreciation expense recorded for fixed assets over their useful lives, reflecting the decline in the assets' value from wear and tear or obsolescence.

Depreciation Expense

The allocated amount of an asset's cost that is expensed during a given period, reflecting the asset's consumption or loss of value.

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Balance Sheet Accounts

Accounts included in the balance sheet, representing the company's financial position, including assets, liabilities, and equity.