Which of the Following Is Not an Option Available to Payroll

question 67

Multiple Choice

Which of the following is not an option available to payroll accountants?

• A) Payroll preparation through manual, handwritten spreadsheets.
• B) Reduced responsibility for accuracy because of outsourcing services.
• C) Increased use of paycards as a vehicle for paying employees.
• D) Governmentally mandated and monitored payroll outsourcing.

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Definitions:

Serial Bonds

Bonds issued by a corporation or government that are scheduled for repayment at a series of future dates.

Installment Note

A loan that requires regular payments, or installments, of principal and interest over a set period of time.

Issuing Company

A company that offers its securities for sale to the public or to private investors.

Indenture

A formal legal agreement, contract, or document, especially one outlining the terms of a bond or other financial debt instrument.