Which Organization Provides Payroll Processing as Well as Other HRM

question 25

Multiple Choice

Which organization provides payroll processing as well as other HRM services,like employee benefit design and administration?

• A)title companies
• B)payroll service bureau
• C)professional employer organization
• D)paycheck distribution companies

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Definitions:

Premiums

Regular payments made to keep an insurance policy active and maintain coverage against risks.

Endowment Policy

A life insurance contract designed to pay a lump sum after a specific term or on death.

Life Policy

An agreement that awards a specified sum to a named beneficiary when the person covered by the policy dies.

Maximum Available

The highest amount or quantity that can be used, offered, or allocated from a particular resource or within a specific framework.