Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'payroll service'?

A. financial service in which the insurer promises to provide compensation for specific potential future losses in exchange for a periodic payment
B. service provided on behalf of an institutional market participant by a clearing services provider following a trade that finalizes the transfer of security ownership
C. any financial service in which a third party (the intermediary) matches lenders and investors with entrepreneurs and other borrowers in need of capital
D. financial service, typically provided to small businesses that are not large enough to have an internal finance organization, that involves managing payment of wages to employees

Answer: financial service, typically provided to small businesses that are not large enough to have an internal finance organization, that involves managing payment of wages to employees