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PHR Certification Study Group – Practice Questions & Study Guide

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Prepare for the PHR (Professional in Human Resources) certification with this comprehensive study group guide. Includes practice questions, detailed answers, and review materials to strengthen HR knowledge, improve test-taking skills, and boost confidence for certification success.

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PHR Certification Study Group 2/5/2026




PHR Certification Study Group

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Terms in this set (706)



Money an organization owes its Accounts Payable
vendors and suppliers.



PHR Certification Study Group Page 1 of 471

,PHR Certification Study Group 2/5/2026




Money an organization's Accounts Receivable
customers owe the organization.


Detailed steps a unit, department, Action Plans
or team will take in order to
achieve short-term objectives.


Modification or the Constitution or Amendment
a law; modification may be either
formal (written) or informal
(unwritten).




PHR Certification Study Group Page 2 of 471

,PHR Certification Study Group 2/5/2026




Financial, physical, and sometiems Assets
intangible properties an
organization owns.


Statement of a firm's financial Balance Sheet
position at a particular time.




PHR Certification Study Group Page 3 of 471

, PHR Certification Study Group 2/5/2026




Measurement approach that Balanced scorecard
provides an overall picture of an
organization's performance as
measured against goals in finance,
customers, internal business
processes, and learning and
growth.


Proposal presented to a legislative Bill
body for possible enactment as a
law.




PHR Certification Study Group Page 4 of 471

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