Internal Control Over Payroll Is Enhanced When the Personnel Department

question 41

True/False

Internal control over payroll is enhanced when the personnel department distributes payroll checks.

---

Definitions:

Clearinghouse Costs

Expenses associated with the operation of a clearinghouse, which facilitates the exchange and settlement of financial or commodity transactions.

Redemption

The act of exchanging something, such as a coupon or voucher, for a product, service, or financial benefit.

Sweepstakes

A type of contest or promotion where prizes are given away at random, often used as a marketing tool to engage consumers.

Contest

A promotional strategy that involves competition with prizes, encouraging engagement and participation from the target audience.