Direct Deposit of Employee Paychecks Is One Way an Organization

question 1

Multiple Choice

Direct deposit of employee paychecks is one way an organization can improve efficiency and reduce payroll-processing costs.Which statement regarding direct deposit is false?

• A)The cashier does not authorize the transfer of funds from the organization's checking account to a payroll checking account.
• B)The cashier does not have to sign employee paychecks.
• C)Employees who are part of a direct deposit program receive a copy of their paycheck indicating the amount deposited.
• D)Employees who are part of a direct deposit program receive an earnings statement on payday rather than a paper check.

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Definitions:

Human Capital

The abilities, expertise, and learning that a person or group holds, considered in relation to their significance or expense for a company or nation.

Productive Income

Earnings derived from engaging in productive activities, such as employment or investment.

Permanent Legal Residents

Individuals who are not citizens of a country but who have been granted the right to live in that country indefinitely and access most of its legal rights.

Family Sponsored

A process in immigration policy where family members can sponsor relatives for visas or residency, based on familial relationships.