ACC 3304 Chpt 9 Quiz Human Resources and Payroll Processes
Which statement concerning employee onboarding analytics is TRUE? a) Employee onboarding analytics includes reports on the number of new hires and number of hiring violations detected. b) Employee onboarding analytics focuses on providing a dashboard of data for HR management to review daily. c) Employee onboarding analytics includes reports on internal control exception reports, hiring issues, and compliance fines and penalties. d) Employee onboarding analytics focuses on providing context to the mass of historical data generated in the employee onboarding process.
a) Employee onboarding analytics includes reports on the number of new hires and number of hiring violations detected.
At what point in the employee termination process is data collected from the exiting employee? a) HR exit interview b) HR notification c) Submission of resignation letter d) No data is collected.
a) HR exit interview
What kind of risk might employee social events prevent? a) High employee turnover b) Low productivity c) Employee policy violations d) Payroll fraud
a) High employee turnover
What business process calculates wages to compensate employees with their entitled pay? a) Payroll b) Human resources c) Accounting d) Enterprise resource planning
a) Payroll
Which of the following activities would be a responsibility of the human resources business function? a) Performance evaluations b) Accounting for benefit withholdings c) Processing payroll d) Financing of inputs
a) Performance evaluations
What type of payroll processing control is designed to avoid inaccurate payroll data and inappropriate payments to employees? a) Reconcile payroll and employee records. b) Complete a payroll processing checklist for each pay period. c) Controller reviews and signs payroll checks. d) Reconcile payroll withholdings and the general ledger accounts.
a) Reconcile payroll and employee records.
As a risk advisory consultant, you are asked to evaluate and recommend improvements for the employee onboarding process for Swiftly Tech. During your evaluation you discover that Swiftly Tech's employee data was part of a data breach from a third-party background check provider. What action do you recommend that Swiftly Tech take? a) Swiftly Tech should require background check providers to have their own internal controls to ensure confidentiality and security of data. b) Swiftly Tech should require employees to acquire and provide their own background check data. c) Swiftly Tech should forgo background checks to avoid sharing confidential employee data with other companies. d) All of these answer choices are correct.
a) Swiftly Tech should require background check providers to have their own internal controls to ensure confidentiality and security of data.
At what point does employee onboarding begin? a) When a job offer is extended b) When a position is advertised c) At the interview Fd) irst day on the job
a) When a job offer is extended
Payroll accounting includes contributions to pre-tax accounts that can be spent on specific expenses. Which of the following is an example of a use for pre-tax account? a) Meals b) Child care c) Entertainment d) PTO
b) Child care
Employee termination analytics may lead to improvements in business processes and departmental operations. What type of analytics may identify issues between the onboarding experience and retention? a) Trend analysis of reasons provided during exit interviews for voluntary terminations b) Comparison of length of employment to feedback from onboarding activities d) Time series analysis of season trends in voluntary terminations c) Drilling into employee termination reports by department and supervisors
b) Comparison of length of employment to feedback from onboarding activities
Which of the following is an example of employee onboarding analytics? a) Third-party background checks on new hires b) Comparison of new hire compensation to departmental budgets to identify variances c) Ongoing training and engagement with employees d) Employee policy receipt acknowledgement and understanding certification
b) Comparison of new hire compensation to departmental budgets to identify variances
The Human Resources (HR) department is responsible for determining salaries and benefits. Which of these activities is related to that function? a) Training and development b) Determining paid time off c) Determining promotions d) Updating employee data
b) Determining paid time off
Which department should an employee consult to ask questions about withholdings on a paycheck? a) Payroll b) Human resources c) Accounting d) All of these answers are correct.
b) Human resource
Compensating employees is a business process that results in a) changes to the HR database not the information system. b) an economic exchange of resources. c) no change in the accounting information system. d) All of these answers are correct.
b) an economic exchange of resources.
Which statement concerning employee onboarding is FALSE? a) Employee onboarding is the process of establishing new employees in the company's systems and helping them quickly adapt to their positions and the company. b) Employee onboarding includes ensuring new hires are comfortable, facilitating socialization, and following up with the new-hire. c) Employee onboarding starts on the employee's first day on the job and continues through the new-hire's first few weeks or months. d) Employee onboarding includes the administrative process of establishing the new employee in the payroll and benefits systems.
c) Employee onboarding starts on the employee's first day on the job and continues through the new-hire's first few weeks or months.
What type of HR control activity is implemented to prevent a wrongful termination lawsuit? a) Terminated employees sign a noncompete agreement during the exit interview. b) Employee access to the system is disabled immediately upon termination. c) Managers must complete an HR-authorized employee termination checklist and submit to HR. d) Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle
c) Managers must complete an HR-authorized employee termination checklist and submit to HR.
Which of the following is NOT a factor to determine a company's degree of integration in HR and payroll systems? a) Ability to generate user buy-in b) Size of business c) Reduction of data redundancy d) Cost of an enterprise-wide system
c) Reduction of data redundancy
What is the primary determinate of the balance between the amount of time an employee spends earning a salary and the satisfaction received during leisure time? a) Job satisfaction b) Time off c) Salary amount d) Personal fulfillment
c) Salary amount
Viktoria suggests that the Well Market human resources (HR) department needs to become more innovative in retaining employees. They suggest that remote work or rotations might entice employees to maintain their status at Well Market and reduce the costs associated with hiring and training new staff. To administer either program, Well Market's HR department needs to either hire more staff or find a way to manage more work with the same sized team. Choose the best option for Viktoria and the Well Market HR team? a) The HR team could hire new people and try the new programs once the new team members are trained, which could take months. b) The HR team could not change anything and hope that things work out. c) The HR team could outsource some administrative tasks and focus on the retention programs themselves. d) The HR team could work more hours and hope that no one gets burned out.
c) The HR team could outsource some administrative tasks and focus on the retention programs themselves.
Employee payroll deductions become a) employee benefits expense. b) paid-time off liabilities. c) liabilities to the company until paid to third parties. d) expenses to the company.
c) liabilities to the company until paid to third parties.
As a risk advisory consultant, you are asked to evaluate and recommend improvements for the employee onboarding process for Swiftly Tech. During your evaluation you discover that Swiftly Tech's new hires often fail to understand company policies. What action do you recommend that Swiftly Tech take? a) Swiftly Tech should have new hires acknowledge receipt and understanding of company policies. b) Swiftly Tech should include an employment agreement in the new hire package that requires that the employee sign that the job description and employee's responsibilities are understood. c) Swiftly Tech should require that new hires attend an employee orientation that includes a review of the employee handbook before beginning their job duties. d) All of these answer choices are correct.
d) All of these answer choices are correct.
As a risk advisory consultant, you are asked to evaluate and recommend improvements for the employee onboarding process for Swiftly Tech. During your evaluation you discover that Swiftly Tech's payroll department adds employees based on an email from the HR department. The lack of controls could result in payroll fraud. What do you recommend that Swiftly Tech do to avoid potential payroll fraud? a) Swiftly Tech could require that all employee data be secured and changes are only made by authorized individuals. b) Swiftly Tech could schedule frequent independent reviews of new hire data in the system to ensure validity and accuracy. c) Swiftly Tech could require completed new hire documentation paperwork prior to employee record creation in the payroll system. d) All of these answer choices are correct.
d) All of these answer choices are correct.
Highly valuable data is collected during the exit interview. What types of employee termination reports might be valuable for review? a) Number of each type of employee terminations b) Number of completed employee terminations c) Turnover rate d) All of these answer choices are correct.
d) All of these answer choices are correct.
Josephine joined a Big 4 accounting firm as an intern for the summer. Josephine's final project involved evaluating the firm's employee termination control activities with a goal of developing additional control activities to prevent unnecessary financial losses for the firm. Which of the following control activities might Josephine suggest that will prevent financial loss? a) Remove employee's authority to act on behalf of the firm and conduct firm business. b) Clear all advances and employee receivables prior to the employee's final paycheck. c) Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. d) All of these answer choices are correct.
d) All of these answer choices are correct.
Payroll includes a) several financial accounting journal entries. b) calculation and payment of payroll taxes. c) distributing annual salary and hourly wages to employees. d) All of these answer choices are correct.
d) All of these answer choices are correct.
Which of the following is an advantage to integrating the information system for HR and payroll processing? a) Quick access to data b) Reducing data redundancies c) Improving data quality d) All of these answer choices are correct.
d) All of these answer choices are correct.
Which of the following is the responsibility of HR during the employee termination process? a) HR answers questions from the departing employee's managers. b) HR minimizes potential damage during the termination process. c) HR answers questions from the departing employee. d) All of these answer choices are correct.
d) All of these answer choices are correct.
Which off the following is a factor to consider when determining a company's degree of integration in HR and payroll systems? a) Size of the business b) Ability to generate user buy-in c) Support from management d) All of these answer choices are correct.
d) All of these answer choices are correct.
If the accounting department handles payroll, why would a company need a human resources (HR) department? a) HR personnel are trained to handle sensitive issues. b) HR personnel are trained to deal with and reduce the likelihood of HR legal issues. c) HR personnel know and understand labor laws. d) All of these answers are correct.
d) All of these answers are correct.
JIT Technologies promoted Jorge during his last performance evaluation. The promotion also included a raise. What HR related activity is involved with Jorge's good news? a) Transitioning employees b) Payroll processing c) Monitoring and evaluation d) All of these answers are correct.
d) All of these answers are correct.
Payroll departments perform which activities? a) Employee pay b) Wage calculation c) Commission earnings d) All of these answers are correct.
d) All of these answers are correct.
Which of the following is an example of a deduction from an employee's payroll check? a) Retirement contributions b) Federal and state taxes c) Insurance premiums d) All of these answers are correct.
d) All of these answers are correct.
Which statement concerning the evaluation of employee onboarding processes is FALSE? a) To evaluate an onboarding process, you need to understand how responsibilities are divided among responsible parties. b) The evaluation of an employee onboarding process includes a review of process documentation and employee interviews. c) A thorough evaluation includes talking to employees to find out if the process flowchart is a true reflection of operations. d) An onboarding process flowchart is all that must be reviewed as it denotes the order of the steps in the process and who is responsible.
d) An onboarding process flowchart is all that must be reviewed as it denotes the order of the steps in the process and who is responsible.
What type of employee onboarding analytics may yield identification of skillset gaps among new hires? a) Analysis of post-onboarding surveys completed by new hires b) Analysis of employee master data for nonmatching information c) Analysis of the percentage of tenured employees versus new hires in each department d) Analysis of post-onboarding surveys completed by hiring managers
d) Analysis of post-onboarding surveys completed by hiring managers
Which relationship between human resources (HR) and payroll is best for business? a) Payroll deals with paychecks. HR deals with employee benefits. b) HR and payroll both deal with employees and should be one department. c) Payroll is processed by the HR department. d) HR and payroll have distinctive functions and should be separate.
d) HR and payroll have distinctive functions and should be separate.
What role in a company should be responsible for ensuring that employee onboarding processes are efficient and effective? a) Hiring department manager b) Employee relations manger c) Payroll manager d) Human resources manager
d) Human resources manager
What type of payroll processing control is designed to avoid fines associated with noncompliance with statutory requirements? a) Reconcile payroll and employee records. b) Complete a payroll processing checklist for each pay period. c) Controller reviews and signs payroll checks. d) Reconcile payroll withholdings and the general ledger accounts.
d) Reconcile payroll withholdings and the general ledger accounts.
What type of control activity is implemented to prevent a terminated employee from using proprietary company information elsewhere? a) Employee access to the system is disabled immediately upon termination. b) All employee issued technology, including storage devices, are collected at the exit interview. c) Company credit cards are collected from the employee, paid, and closed at the end of the billing cycle. d) Terminated employees sign a noncompete agreement during the exit interview.
d) Terminated employees sign a noncompete agreement during the exit interview.
Human resources are one of the most important a) collection processes in a business. b) conversion processes in a business. c) outputs from a business. d) inputs into a business.
d) inputs into a business.
