Question 1

A job time record is the source document used in the payroll system to determine the hours for which an employee should be paid.

Accepted Answer

False

Question 2

Internal audit usually reports to the controller.

Accepted Answer

Internal audit typically reports to either the chief financial officer (CFO) or directly to the audit committee of the board of directors. This is because internal audit is meant to provide objective and independent assurance to management and the board, and reporting to the controller (who is part of management) could compromise that independence.

Question 3

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

Accepted Answer

False

Question 4

As shown in the "computer" column of the HR flowchart, process inputs are actions taken by departmental managers or supervisors that are captured on various online forms (enterprise system screens).

Accepted Answer

The answer of As shown in the "computer" column of...

Question 5

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 6

An imprest payroll bank account is one to which cash transfers are made in an amount exactly equal to the total net pay for the period.

Accepted Answer

An imprest payroll bank account is designed to disburse payroll checks or electronic transfers to employees for the exact amount of net pay that they are owed for a certain period. The account is replenished periodically to maintain the balance required for such payments. This arrangement allows for better control over cash disbursements and helps prevent fraudulent activities.

Question 7

The human capital management process is an interacting structure of people equipment, methods, and controls that supports the decision needs of the HR department

Accepted Answer

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

Question 8

The checking account is a general ledger account that should show a zero balance after both the debit for gross pay earned by workers and the credit for gross pay distributed to jobs have been posted to the account.

Accepted Answer

A checking account typically reflects the cash balance of a business and should not necessarily show a zero balance after payroll transactions. The zero balance concept applies to payroll clearing accounts, not checking accounts.

Question 9

The GL supervisor usually reports to the treasurer.

Accepted Answer

The GL supervisor usually reports to the accounting manager or controller, not necessarily the treasurer.

Question 10

Systems that allow employees to access personal as well as business related information and functions are known as self service systems.

Accepted Answer

Self service systems are designed to enable employees to access personal and business related information and functions without seeking help from HR or IT teams. These systems empower employees to perform a variety of tasks on their own, such as updating personal information, applying for leaves, checking their pay stubs, and more.

Question 11

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

Accepted Answer

Human capital management involves all aspects of managing employees from recruitment to retention, including development, motivation, and assignment.

Question 12

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 13

According to the HRM flowchart, the employee/payroll data is stored in the enterprise database.

Accepted Answer

The HRM flowchart typically includes an enterprise database as the central storage for employee and payroll data.

Question 14

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

Accepted Answer

The answer of The manager of safety, health and human...

Question 15

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

Accepted Answer

The manager of safety, health, and human services usually reports to the director of human resources or a similar executive-level position. They are not typically under the purview of the controller.

Question 16

The chief financial officer usually has direct supervision of the treasurer, controller, and internal audit.

Accepted Answer

The chief financial officer (CFO) is typically responsible for overseeing and managing the financial operations of an organization, which may include the treasury, accounting, and internal audit functions. Therefore, it is true that the CFO usually has direct supervision of the treasurer, controller, and internal audit.

Question 17

Business tax deposits are made directly to the IRS.

Accepted Answer

The answer of Business tax deposits are made directly to...

Question 18

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

Accepted Answer

The payroll process does maintain data for payroll taxes, fringe benefits, attendance reporting, timekeeping, and paying employees for work performed.

Question 19

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

Accepted Answer

Attendance time records are used specifically to track when employees are present at their designated work location and are available to perform their job duties.

Question 20

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 grievances and complaints, as well as promoting positive employer-employee relationships.

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