Given the Four Activities Below,which of the HRM/payroll Cycle Activities

question 34

Multiple Choice

Given the four activities below,which of the HRM/payroll cycle activities occurs infrequently relative to the others?

• A)updating of the payroll master file
• B)updating information about tax rates and withholdings
• C)validating each employee's time and attendance data
• D)preparing payroll

Understand the effects of U.S interest rates and public debt on the economy and the federal budget.

Realize the significance of managing the costs of servicing federal debt to sustain deficits.

Recognize the historical trends in federal budget deficits and surpluses.

Understand the concept of budget deficit and its components.

---

Definitions:

Balanced Scorecard

A balanced set of measures to show contribution to organizational performance.

Activity-Based Measures

Metrics used to assess the efficiency and effectiveness of specific activities within processes or projects.

Benchmarking

The process of comparing one's business processes and performance metrics to industry bests or best practices from other companies.

Subjective Review

A method of evaluation based on personal judgments, preferences, or opinions, rather than objective measures or criteria.