Human Resource Management and Practices Assignment Help
Summative Activity 1: Knowledge Questionnaire
QUESTION 1
Indicate whether the following statements are true or false.
1. Key budget indicators are very important in budget control. |
2. Equipment selling and transfer is the same activity. |
3. An adverse variance would be when the costs are lower than expected. |
4. The master budget is the most important budget. |
5. A budget report is only about variances. |
6. Budget variance analyses also considers “causes”. |
7. With a Zero budget you actually “start with zero funds”. |
8. Stock levels can give an indication when to order. |
9. Stock taking is a method of stock control. |
10. The safest way to prepare a budget is by using a computer. |
11. The budgeting process starts with the Sales Budget. |
12. The Overhead Budgets considers items such as material and labour. |
13. A good budget will have no variances. |
14. It is a good practice to always have maximum stock available. |
15. Always change the inventory list with equipment transfer. |
16. Budget control is a summary of the end budget result. |
17. An office budget should also “consider” Water & Lights. |
18. An adverse budget variance is “always bad”. |
19. SARS requires regular budget reports. |
20. It is the cause and significance of a budget variance that matters. |
21. The EMP201 must be submitted on the request of SARS. |
22. Don’t share the contents of your pay slip with co-workers. |
23. Good record keeping can save time. |
24. Always follow up variances on a payroll. |
25. Only the Tax Act is applicable to payrolls. |
26. R21 per hour is a salary rate. |
27. You can claim UIF when you resign. |
28. An attendance register is a source document for payrolls. |
29. “Cost to company” exclude bonuses. |
30. Gross income is the money that I can take home. |
31. A statutory deduction refers to a deduction described by an Act. |
32. A payroll system can make deductions automatically. |
33. The Cost-to-Company includes travel allowances. |
34. You have to know the tax category to compile a personal salary. |
35. A company must provide an official pay slip to employees. |
36. Employee records only refers to salary matters. |
37. A staff budget period is always over one year. |
38. Staff appraisal is usually done annually. |
39. For salary workers, “days of” can be used for overtime. |
40. Performance bonus and a 13th cheque is the same. |
QUESTION 2
Read the following statements and match the statement in Column A with the Statement in Column C and provide your answer in Column B
A | B | C |
1. Defend the expenditure in a based budget. | 1. Adverse | |
2. Could help with the control of the office supplies. | 2. Selling | |
3. Not a good budget variable. | 3. Zero | |
4. The office budget is usually included in the budget. | 4. Sales | |
5. Usually the initial (first) budget. | 5. Inventory list | |
6. usage will determine the order level. | 6. SLB | |
7. Determine the level of budget funding. | 7. Revise | |
8. A type of budgeting approach. | 8. Key indicators | |
9. Always a budget when variances occur. | 9. Zero budget | |
10. Can be used in budget control. | 10. Maximum | |
11. A possible reason for inaccurate data. | 11. Confidentiality | |
12. Very important in handling personal records. | 12. Disposition | |
13. Ensuring that data is “clean”. | 13. Geographical | |
14. Assess retention value. | 14. Validation | |
15. A data classification method. | 15. Decay | |
16. Assemble data in a standard order. | 16. Retrieval | |
17. A basic principle requesting information. | 17. Accuracy | |
18. Searching for documents or data. | 18. Explicit | |
19. Very important in collating data. | 19. Timely | |
20. Assessed feedback is feedback. | 20. Collation | |
21. Disposal of records could mean . | 21. Dates | |
22. Could be an automatic identification and data capture. | 22. Classification | |
23. Chronological ordering considers this. | 23. Relevant | |
24. Feedback should be to the request. | 24. Retrieval | |
25. Searching for documents and/or information. | 25. Payrolls | |
26. Arranging information in a logical order. | 26. Archiving | |
27. Salary after deductions. | 27. Accuracy | |
28. It is in the BCE Act. | 28. Bonus | |
29. Very important for payrolls. | 29. Non conformance | |
30. Can result in tax penalties. | 30. Work hours | |
31. A gratitude for excellent work. | 31. Variance | |
32. A statutory deduction. | 32. CTC | |
33. Compulsory for tax purposes. | 33. EFT | |
34. The EE Act eliminate practices. | 34. Nett | |
35. Difference between budgeted and actual. | 35. Unfair | |
36. The method mostly used to pay employees. | 36. Pass words | |
37. Total staff cost for a business. | 37. Registration | |
38. Payroll security can be enhanced by . | 38. Outputs | |
39. Production bonus considers . | 39. Subsistence | |
40. A possible allowance on a payroll. | 40. UIF |
QUESTION 3
State and explain two reasons why a business should have a financial plan.
QUESTION 4
Name three advantages of budgeting.
QUESTION 5
Define Zero-Based Budgeting.
QUESTION 6
Explain what is meant by “Budget Security”.
QUESTION 7
Name and explain the two most important factors that would assist you in the ordering of office supplies – the amount.
QUESTION 8
Explain what “Transfer of Office Equipment” is and also explain the importance to monitor the transfer of equipment.
QUESTION 9
Name the basic steps in office budget control.
QUESTION 10
Explain the term Budget Variance.
QUESTION 11
Explain the effect of an Adverse Variance on
- Costs
- Profit
QUESTION 12
Practical budget situation. You are an Office Administrator responsible for the budgeting process in a large office. Develop a comprehensive Standard Working Procedure (SWP) to control the budget – budget expenses throughout the year.
QUESTION 13
Explain the HR term Information System.
QUESTION 14
Explain Accuracy as used in HR information Systems.
QUESTION 15
With an example explain what is meant by Character Check Validation.
QUESTION 16
Explain the difference between Data Entry and Data capture.
QUESTION 17
State two categories of possible data errors.
QUESTION 18
What is the main objective of an HR Information System review?
QUESTION 19
What is meant by System Availability Factors as used in access control to stored information?
QUESTION 20
What is meant by Information Retrieval as used in HR Information Systems?
QUESTION 21
Clearly distinguish between Active Documents and Semi-active Documents.
QUESTION 22
Explain what Relevance Feedback of HR information is.
QUESTION 23
Name three typical Information items that Management would request on HR information.
QUESTION 24
Name two typical Confidential HR Information items.
QUESTION 25
Explain why confidentiality is of the utmost importance in the handling of payroll information.
QUESTION 26
Name and briefly describe TWO “Impacts” on an organisation if the payroll does not conform to budgetary or legal requirements
QUESTION 27
Briefly explain the difference between Gross Pay and Net Pay.
QUESTION 28
Briefly explain the difference between a Bonus and Commission.
QUESTION 29
State two reasons why records should be kept for payrolls.
QUESTION 30
Employers must declare PAYE, SDL and/or UIF on the EMP201 and EMP501 forms.
Explain the basic difference between these two SARS forms.
QUESTION 31
Name a method that an employer can use to give financial recognition to an employer for “work done with excellence”.
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