PHR Certification
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1. Accounts Money an organization owes its vendors and suppliers.
Payable
2. Accounts Receiv- Money an organization's customers owe the organization.
able
3. Action Plans Detailed steps a unit, department, or team will take in order to achieve short-term
objectives.
4. Amendment Modification or the Constitution or a law; modification may be either formal
(written) or informal (unwritten).
5. Assets Financial, physical, and sometiems intangible properties an organization owns.
6. Balance Sheet Statement of a firm's financial position at a particular time.
7. Balanced score- Measurement approach that provides an overall picture of an organization's
card performance as measured against goals in finance, customers, internal business
processes, and learning and growth.
8. Bill Proposal presented to a legislative body for possible enactment as a law.
9. Break-even Analysis that shows point in time at which total revenue associated with a program
analysis is equal to the total cost of the program.
10. Business Case Description of an organizational challenge and possible alternative solutions,
arguing for specific solution.
11. Capacity To an operations department, the ability to yield output.
12. Cash flow state- Record of how much cash is flowing into and out of an organization, including its
ment sources or destinations.
13. Centralization Degree to which decision-making authority is restricted to higher levels of man-
agement in an organization.
, PHR Certification
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14. Code of ethics Principles of conduct within an organization that guide decision making and
behavior.
15. Consumer price Measure of the average change over time in the prices paid by consumers for
index goods and services.
16. Control To an operations department, an after-the-fact evaluation of a company's ability
to meet its own specifications and its customers' needs.
17. Correlation Measure that indicates the relationship between two variables.
18. Cost-benefit Ratio of value created to cost of creating that value; allows management to
analysis determine the financial impact particular activities and programs have on an
organization's profitability.
19. Decentralization Degree to which decision-making authority is given to lower levels in an organi-
zation's hierarchy.
20. Departmental- Way an organization groups jobs to coordinate work.
ization
21. Divestiture Sale by a company of an asset that is not performing well, that is not core to the
company's business, or that is worth more as a separate entity.
22. Divisional struc- Organizational structure in which segments ae separated by product, customer or
ture market, or region.
23. Due diligence Process of conducting an intensive investigation of an organization as one of the
first steps in a pending merger or acquisition.
24. Electronic Com- Act that makes it unlawful to intercept messages in transmission, access stored
munications Pri- information on electronic communication services, or disclose this information.
vacy Act (ECPA)
, PHR Certification
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25. Enterprise man- Integrated processes and tools to allow information sharing and process man-
agement agement across functions, sometimes even with external partners, such as sup-
pliers.
26. Environmental Process that involves a systematic survey and interpretation of relevant data to
scanning identify external opportunities and threats.
27. Equity Amount of owners' or shareholders' portion of a business.
28. Ethics System of moral principles and values that establish appropriate conduct.
29. Extended organi- Alliance between organizations to create processes and information channels that
zation allow communication and collaboration.
30. Financial ratios Calculations designed to describe an organization's financial health and perfor-
mance from various perspectives.
31. Foreign Corrupt Prohibits American companies from making corrupt payments to foreign officials
Practices Act for the purpose of obtaining or keeping business.
(FCPA)
32. Formula budget- Form of budgeting in which an average cost is applied to comparable expenses
ing and general funding is changed by a specific amount.
33. Functional struc- Organizational structure that defines departments by what services they con-
ture tribute to the organization's overall mission.
34. Gantt chart Project planning tool that graphically displays activities of a project in sequential
order and plots them against time.
35. Generation X Group of people born roughly between the years of 1965 - 1980
36. Generation Y Group of people born after 1980.
37.
, PHR Certification
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Gross domestic Estimate of the total value of goods and services produced in a country in a given
product (GDP) year.
38. Gross profit mar- Ratio of gross profit to net sales.
gin
39. HR audit Process to measure the effectiveness and efficiency of HR programs and positions.
40. Human capital Combined knowledge, skills, and experience of a company's employees.
41. Human resource Systematic tool for gathering, storing, maintaining, retrieving, and revising HR
information sys- data.
tem (HRIS)
42. Human re- Design of formal systems in an organization that ensure the effective and efficient
source manage- use of human capital to accomplish organizational goals.
ment (HRM)
43. Income state- Statement comparing revenues, expenses, and profits over a specified period of
ment time, usually a year or a quarter.
44. Incremental bud- Form of budgeting in which the prior budget is the basis for allocation of funds.
geting
45. Inventory To an operations department, an organization's major asset after physical build-
ings and equipment.
46. Key performance Quantifiable measures of performances used to gauge progress toward strategic
indicators (KPIs) objectives or agreed standards of performance.
47. Liabilities Organization's debts and other financial obligations.
48. Line units Work groups that conduct the major business of an organization.
49.
Study online at https://quizlet.com/_ctptw
1. Accounts Money an organization owes its vendors and suppliers.
Payable
2. Accounts Receiv- Money an organization's customers owe the organization.
able
3. Action Plans Detailed steps a unit, department, or team will take in order to achieve short-term
objectives.
4. Amendment Modification or the Constitution or a law; modification may be either formal
(written) or informal (unwritten).
5. Assets Financial, physical, and sometiems intangible properties an organization owns.
6. Balance Sheet Statement of a firm's financial position at a particular time.
7. Balanced score- Measurement approach that provides an overall picture of an organization's
card performance as measured against goals in finance, customers, internal business
processes, and learning and growth.
8. Bill Proposal presented to a legislative body for possible enactment as a law.
9. Break-even Analysis that shows point in time at which total revenue associated with a program
analysis is equal to the total cost of the program.
10. Business Case Description of an organizational challenge and possible alternative solutions,
arguing for specific solution.
11. Capacity To an operations department, the ability to yield output.
12. Cash flow state- Record of how much cash is flowing into and out of an organization, including its
ment sources or destinations.
13. Centralization Degree to which decision-making authority is restricted to higher levels of man-
agement in an organization.
, PHR Certification
Study online at https://quizlet.com/_ctptw
14. Code of ethics Principles of conduct within an organization that guide decision making and
behavior.
15. Consumer price Measure of the average change over time in the prices paid by consumers for
index goods and services.
16. Control To an operations department, an after-the-fact evaluation of a company's ability
to meet its own specifications and its customers' needs.
17. Correlation Measure that indicates the relationship between two variables.
18. Cost-benefit Ratio of value created to cost of creating that value; allows management to
analysis determine the financial impact particular activities and programs have on an
organization's profitability.
19. Decentralization Degree to which decision-making authority is given to lower levels in an organi-
zation's hierarchy.
20. Departmental- Way an organization groups jobs to coordinate work.
ization
21. Divestiture Sale by a company of an asset that is not performing well, that is not core to the
company's business, or that is worth more as a separate entity.
22. Divisional struc- Organizational structure in which segments ae separated by product, customer or
ture market, or region.
23. Due diligence Process of conducting an intensive investigation of an organization as one of the
first steps in a pending merger or acquisition.
24. Electronic Com- Act that makes it unlawful to intercept messages in transmission, access stored
munications Pri- information on electronic communication services, or disclose this information.
vacy Act (ECPA)
, PHR Certification
Study online at https://quizlet.com/_ctptw
25. Enterprise man- Integrated processes and tools to allow information sharing and process man-
agement agement across functions, sometimes even with external partners, such as sup-
pliers.
26. Environmental Process that involves a systematic survey and interpretation of relevant data to
scanning identify external opportunities and threats.
27. Equity Amount of owners' or shareholders' portion of a business.
28. Ethics System of moral principles and values that establish appropriate conduct.
29. Extended organi- Alliance between organizations to create processes and information channels that
zation allow communication and collaboration.
30. Financial ratios Calculations designed to describe an organization's financial health and perfor-
mance from various perspectives.
31. Foreign Corrupt Prohibits American companies from making corrupt payments to foreign officials
Practices Act for the purpose of obtaining or keeping business.
(FCPA)
32. Formula budget- Form of budgeting in which an average cost is applied to comparable expenses
ing and general funding is changed by a specific amount.
33. Functional struc- Organizational structure that defines departments by what services they con-
ture tribute to the organization's overall mission.
34. Gantt chart Project planning tool that graphically displays activities of a project in sequential
order and plots them against time.
35. Generation X Group of people born roughly between the years of 1965 - 1980
36. Generation Y Group of people born after 1980.
37.
, PHR Certification
Study online at https://quizlet.com/_ctptw
Gross domestic Estimate of the total value of goods and services produced in a country in a given
product (GDP) year.
38. Gross profit mar- Ratio of gross profit to net sales.
gin
39. HR audit Process to measure the effectiveness and efficiency of HR programs and positions.
40. Human capital Combined knowledge, skills, and experience of a company's employees.
41. Human resource Systematic tool for gathering, storing, maintaining, retrieving, and revising HR
information sys- data.
tem (HRIS)
42. Human re- Design of formal systems in an organization that ensure the effective and efficient
source manage- use of human capital to accomplish organizational goals.
ment (HRM)
43. Income state- Statement comparing revenues, expenses, and profits over a specified period of
ment time, usually a year or a quarter.
44. Incremental bud- Form of budgeting in which the prior budget is the basis for allocation of funds.
geting
45. Inventory To an operations department, an organization's major asset after physical build-
ings and equipment.
46. Key performance Quantifiable measures of performances used to gauge progress toward strategic
indicators (KPIs) objectives or agreed standards of performance.
47. Liabilities Organization's debts and other financial obligations.
48. Line units Work groups that conduct the major business of an organization.
49.
