What Is a Potential Threat to the Activity of Payroll

question 6

Multiple Choice

What is a potential threat to the activity of payroll processing?

• A)hiring unqualified employees
• B)poor system performance
• C)violations of employment laws
• D)unauthorized changes to the payroll master file

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Definitions:

Capital Accounts

Financial records that track the equity and investment contributions of owners or shareholders in a company.

Noncash Assets

Assets that are not in the form of cash or cash equivalents, including property, equipment, and intellectual property.

Net Income and Losses

The difference between total revenues and total expenses, indicating the financial performance of a company over a specific period.

Sale

A transaction between two parties where the ownership of goods, services, or assets is transferred from the seller to the buyer for an agreed amount of money or value.