The Department Responsible for the Actual Computation and Preparation of Payroll

question 121

Multiple Choice

The department responsible for the actual computation and preparation of payroll is the

• A) accounts payable department.
• B) payroll department.
• C) personnel department.
• D) production department (for factory workers).

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Definitions:

Shares Exchange

The process of trading shares of one company for those of another, often during mergers or acquisitions.

Model Business Corporation Act

A template for states to use in drafting their corporate statutes, aimed at standardizing corporate law.

Shareholders Meeting

A formal gathering of the shareholders of a company to discuss and vote on company business.

Special Meeting

A meeting called for a specific purpose, outside of the regularly scheduled sessions.