PHR Certification 2023 (A+ GRADED)

Accounts Payable correct answers Money an organization owes its vendors and suppliers. Accounts Receivable correct answers Money an organization's customers owe the organization. Action Plans correct answers Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment correct answers Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets correct answers Financial, physical, and sometiems intangible properties an organization owns. Balance Sheet correct answers Statement of a firm's financial position at a particular time. Balanced scorecard correct answers Measurement approach that provides an overall picture of an organization's performance as measured against goals in finance, customers, internal business processes, and learning and growth. Bill correct answers Proposal presented to a legislative body for possible enactment as a law. Break-even analysis correct answers Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program. Business Case correct answers Description of an organizational challenge and possible alternative solutions, arguing for specific solution. Capacity correct answers To an operations department, the ability to yield output. Cash flow statement correct answers Record of how much cash is flowing into and out of an organization, including its sources or destinations. Centralization correct answers Degree to which decision-making authority is restricted to higher levels of management in an organization. Code of ethics correct answers Principles of conduct within an organization that guide decision making and behavior. Consumer price index correct answers Measure of the average change over time in the prices paid by consumers for goods and services. Control correct answers To an operations department, an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs.