Describe Three Process Controls That Pertain to Payroll Application Logic

question 44

Essay

Describe three process controls that pertain to payroll application logic.

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Definitions:

Open-Book

A management approach where employees are given access to company financial information to encourage understanding of business operations and promote informed decision making.

Profits

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Decision Problem

A situation that requires a choice to be made among different alternatives.

Leader

An individual who guides or directs a group towards achieving a common goal by influencing or motivating their behavior.