Which of the Following Statements About the HR Management and Payroll

question 55

Multiple Choice

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

• A)The cycle involves recruiting employees
• B)The cycle involves managing and paying employees
• C)The cycle involves dealing with situations where employees leave the organisation
• D)Decisions about who to hire will not impact upon the way the other processes are executed.

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Definitions:

Retail Business

A type of business that sells goods directly to consumers, typically operating from physical locations or through online platforms.

Manufacturing Business

A type of business that produces finished goods from raw materials by using various processes, machinery, and operations.

Financial Accounting

The field of accounting focused on the summary, analysis, and reporting of financial transactions related to a business.

Managerial Accounting

Refers to the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals.