The Payroll Department Performs All of the Following Except

question 80

Multiple Choice

The payroll department performs all of the following except

• A)prepares paychecks
• B)transfers adequate funds to the payroll imprest account
• C)updates employee payroll records
• D)prepares the payroll register

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Definitions:

Commercial General Liability Policy

A policy that generally provides protection for the insured for bodily injury, as well as for third parties for property injury.

Broad Range

Refers to an extensive variety or a wide spectrum of items, ideas, or options available.

Risks

The possibility of suffering harm, loss, or a negative outcome as a result of engaging in an activity or decision.

Moral Hazard

The increase in risk-taking behavior when an individual or entity is protected from the consequences, typically in an insurance or financial context.