This Payroll & Purchasing Skills & Knowledge Test evaluates essential competencies in managing payroll and purchasing transactions. It covers calculations of hourly wages, annual salaries, overtime, and cost analysis, crucial for finance and HR professionals.
Best Buy
New Egg
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Yes
No
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True
False
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$19,200
$22,100
$18,500
$20,800
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$315.00
$437.50
$350.00
$450.50
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True
False
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$10.05/hr
$10.50/hr
$15.00/hr
$11.00/hr
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$15.00/hr
$16.25/hr
$13.00/hr
$14.75/hr
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2.50 hours
2.25 hours
3.30 hours
2.30 hours
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Obtain approval from someone above the employee that has a spending limit greater than $500.00.
Split the order into two separate orders for $225 each.
Place the order anyway, because $50 is immaterial.
Tell the employee they can't place that order and they are out of luck.
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When they have more than 40 hours of paid time in a week, including paid time off.
When they physically work more than 40 hours per week.
When their manager wants them to receive overtime pay.
When they work more than 8 hours in a day.
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$500.00
$550.00
$400.00
$450.00
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No one.
The Accounts Payable person, so she can disable the sales rep's credit card
One of your coworkers who you trust to keep a secret.
The other sales reps so they know what is going to happen.
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$7.50/hr
$7.25/hr
$5.35/hr
$9.00/hr
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$0.20
$0.05
$0.02
$0.50
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Placing orders requested by company employees
Checking options to make sure we are receiving the best price available for all products that we order.
Create Purchase Orders in the accounting software to serve as documentation that the order was placed when the invoice arrives.
Process invoices through QuickBooks after the product is received.
Follow up on the status of back orders
Research discrepancies between the price a vendor quoted us when we made a purchase and the price they charged us when they sent the invoice.
Cut checks to vendors.
Go to the store to pick up items that employees request be purchased.
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Quiz Review Timeline (Updated): Mar 22, 2023 +
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