Quiz 13 - 1. 13-008 Some stock analysts believe that a...

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Unformatted text preview: 1. 13-008 Some stock analysts believe that a company's human resources may be worth several times the value of its tangible assets. However, the AIS typically does not account for or track such assets. Why is this the case? Student Response Value Correct Answer Feedback A. Employees are not "owned" by the company, and may not be considered an asset. B. Financial statements report on assets that have not yet been used by the organization. C. The value of human resources is only acknowledged when used and is tracked as an expenditure and not an asset. D. all of these 100% Score: 4/4 2. 13-083 Explain the functions of the payroll register, deduction register, and earnings statement. Student Response: Sample Correct Answer General Feedback: Score: 3. 13-067 Which of the following is a control that addresses the threat of payroll processing errors? Score: 4/4 4. 13-045 Many demands are placed on the company's HRM/payroll system. For example, federal and state laws require employers to contribute a specified percentage of each employee's gross pay into certain funds. Such funds are used for Score: 0/4 5. 13-033 What step can be taken to reduce the distribution of fraudulent paychecks? Score: 0/4 6. 13-092 Discuss the threat of unauthorized changes to the payroll master file and its consequences. Student Response: Sample Correct Answer General Feedback: Score: 7. 13-046 The employer pays a portion of some payroll taxes and employee benefits. Both the employee and employer pay which benefit or tax listed below? Score: 4/4 8. 13-063 Which of the following will contribute to the efficiency of a payroll system? Score: 0/4 9. 13-003 What is the payroll system's principal output? Score: 4/4 10. 13-041 One step in the payroll cycle is the preparation of paychecks. In the next step the payroll register is sent to accounts payable for review. What is the following step in the process? Score: 4/4 11. 13-085 What is a professional employer organization? Student Response: Sample Correct Answer General Feedback: Score: 12. 13-025 Which type of payroll report contains information such as the employees' gross pay, payroll deductions, and net pay in a multicolumn format? Score: 4/4 13. 13-040 In a batch system, the payroll transaction file would contain Score: 0/4 14....
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This note was uploaded on 01/24/2011 for the course COB acct taught by Professor Smith during the Spring '09 term at California Coast University.

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Quiz 13 - 1. 13-008 Some stock analysts believe that a...

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