Question 1

The imprest payroll account should show a zero balance after both the debit for gross pay paid to employees and the credit for gross pay distributed to jobs in process or to expense categories has been posted to the account.

Accepted Answer

The imprest payroll account is designed to maintain a specific balance, not zero, after transactions. It is replenished to the set amount after payroll distributions are made. The zero balance concept applies to clearing accounts, not typically to imprest accounts.

Question 2

The skills inventory data maintains data concerning an organization's short-term and long-term staffing requirements.

Accepted Answer

Skills inventory data primarily maintains information about the skills, qualifications, and experiences of the organization's current workforce, rather than staffing requirements.

Question 3

The chief financial officer usually has direct supervision of the treasurer and controller and indirect supervision of the payroll supervisor.

Accepted Answer

The CFO's direct supervision usually includes the treasurer and controller, but not necessarily the payroll supervisor. The payroll supervisor may fall under the controller's jurisdiction.

Question 4

Human capital management is the process of managing how people are hired, trained, assigned, motivated and retained.

Accepted Answer

Human capital management involves all of these processes to ensure that a company's workforce is effectively utilized and developed over time.

Question 5

A payroll service bureau often makes tax and insurance payments for the client.

Accepted Answer

A payroll service bureau typically handles tax and insurance payments on behalf of their clients, including calculating and withholding payroll taxes, remitting them to the appropriate government agencies, and paying for workers' compensation insurance and other required insurance policies.

Question 6

HR self-service systems can reduce HR and payroll-related operational costs up to 85%.

Accepted Answer

HR self-service systems automate many HR and payroll-related tasks, allowing employees to enter and update their own information, file claims online, and access company policies and benefits. This significantly reduces the workload for HR staff, leading to operational cost savings of up to 85%.

Question 7

A job time record is used to calculate the gross amount of each employee's pay.

Accepted Answer

The answer of A job time record is used to...

Question 8

The manager of safety, health services and benefits usually reports to the controller.

Accepted Answer

The manager of safety, health services and benefits typically reports to the director of human resources, not the controller.

Question 9

The payroll process maintains records containing data for payroll taxes and fringe benefits, attendance reporting, timekeeping, and paying employees for work performed.

Accepted Answer

The payroll process involves maintaining records and data related to various aspects of employee compensation and benefits, including payroll taxes, fringe benefits, attendance reporting, timekeeping, and payment for work performed. This data is used to ensure that employees are compensated accurately and in compliance with relevant laws and regulations.

Question 10

Data in the employee/payroll master data originates in HR and payroll.

Accepted Answer

Employee/payroll master data is information related to employees and their compensation, benefits, deductions, and other payroll-related information. This data typically originates in HR and payroll systems, as these departments are responsible for managing employee information and ensuring accurate payroll processing.

Question 11

Attendance time records show the time periods that employees are in attendance at the job site and available for work.

Accepted Answer

Attendance time records are used to track when an employee arrives at and leaves the job site, as well as any breaks taken during the workday. This information helps employers ensure that their employees are meeting their attendance and punctuality requirements.

Question 12

Factory workers record attendance and job time at a payroll service bureau.

Accepted Answer

A payroll service bureau is a company that provides payroll processing services to employers. Factory workers would record attendance and job time at their place of employment, not directly at a payroll service bureau. The bureau processes the data provided by the employer.

Question 13

Attendance time records reflect the start and stop times on specific jobs to allow the distribution of payroll costs to jobs in process (or to other accounts).

Accepted Answer

The answer of Attendance time records reflect the start and...

Question 14

The manager of employee and industrial relations helps to settle employee complaints and grievances.

Accepted Answer

The manager of employee and industrial relations is responsible for managing employee complaints and grievances, and helping to resolve conflicts between employees and management.

Question 15

An imprest payroll bank account is one to which cash transfers are made in an amount exactly equal to the amount of payroll checks cashed.

Accepted Answer

An imprest payroll bank account is a type of bank account where cash transfers are made in an amount that is exactly equal to the amount of payroll checks cashed. This ensures that the account always has a fixed balance and can be used to manage payroll expenses efficiently.

Question 16

The labor-force planning data catalogs each employee's set of relative skills.

Accepted Answer

The answer of The labor-force planning data catalogs each employee's...

Question 17

The manager of safety, health services and benefits has key functions that include plans and forecasts of an organization's short-term and long-term HR needs.

Accepted Answer

The manager of safety, health services, and benefits typically focuses on employee well-being, safety protocols, and benefits administration rather than planning and forecasting the organization's HR needs, which is usually the responsibility of HR planning or strategic HR roles.

Question 18

Systems that allow employees to access their personnel information and related functions are known as human resources self-service systems.

Accepted Answer

Human resources self-service systems are designed to allow employees to access their personnel information and perform related tasks without the need for HR personnel. These systems are often web-based and allow employees to view and update their personal information, request time off, access pay stubs, and more.

Question 19

The GL supervisor usually reports to the treasurer.

Accepted Answer

The GL (General Ledger) supervisor typically reports to the accounting manager or the controller, rather than directly to the treasurer. The treasurer's role is more focused on the management of the company's cash and financial instruments, whereas the GL supervisor is involved in the day-to-day operations of the accounting department, overseeing the recording of financial transactions in the general ledger.

Question 20

The human capital management process is an interacting structure of people equipment, activities, and controls that supports the repetitive work routines and decision needs of the HR department.

Accepted Answer

The answer of The human capital management process is an...

Quiz 14: The Human Resources Process HR Management and Payroll Processes