PHR Certification Exam Study Guide with complete Solutions

PHR Certification Exam Study Guide with complete Solutions Accounts Payable - Correct Answer Money an organization owes its vendors and suppliers. Accounts Receivable - Correct Answer Money an organization's customers owe the organization. Action Plans - Correct Answer Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment - Correct Answer Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets - Correct Answer Financial, physical, and sometiems intangible properties an organization owns. Balance Sheet - Correct Answer Statement of a firm's financial position at a particular time. Balanced scorecard - Correct Answer 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 Answer Proposal presented to a legislative body for possible enactment as a law. Break-even analysis - Correct Answer 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 Answer Description of an organizational challenge and possible alternative solutions, arguing for specific solution. Capacity - Correct Answer To an operations department, the ability to yield output. Cash flow statement - Correct Answer Record of how much cash is flowing into and out of an organization, including its sources or destinations. Centralization - Correct Answer Degree to which decision-making authority is restricted to higher levels of management in an organization. Code of ethics - Correct Answer Principles of conduct within an organization that guide decision making and behavior. Accounts Payable - Correct Answer Money an organization owes its vendors and suppliers. Accounts Receivable - Correct Answer Money an organization's customers owe the organization. Action Plans - Correct Answer Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment - Correct Answer Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets - Correct Answer Financial, physical, and sometiems intangible properties an organization owns. Balance Sheet - Correct Answer Statement of a firm's financial position at a particular time. Balanced scorecard - Correct Answer 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 Answer Proposal presented to a legislative body for possible enactment as a law. Break-even analysis - Correct Answer 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 Answer Description of an organizational challenge and possible alternative solutions, arguing for specific solution. Capacity - Correct Answer To an operations department, the ability to yield output. Cash flow statement - Correct Answer Record of how much cash is flowing into and out of an organization, including its sources or destinations. Centralization - Correct Answer Degree to which decision-making authority is restricted to higher levels of management in an organization. Code of ethics - Correct Answer Principles of conduct within an organization that guide decision making and behavior.