Which of the Following Procedures Carried Out by the Personnel

question 27

Multiple Choice

Which of the following procedures carried out by the personnel department best reduces the risk of payroll fraud and represents an appropriate responsibility for the department?

• A) Distributing paycheques.
• B) Authorizing overtime hours.
• C) Authorizing the addition or removal of employees from the payroll.
• D) Collecting and retaining unclaimed paycheques.

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Definitions:

Customers Served

A metric or measure indicating the number of clients or customers who have been provided with services or goods by a business within a specific time frame.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing more accurate budgeting comparatives.

Variable Cost Estimates

Projections of costs that fluctuate with changes in production volume or activity levels, such as materials and labor.

Net Operating Income

A measure of a company's profitability, calculated as the revenue from operations minus the operating expenses, excluding interest and taxes.