PHR Certification questions and answers 100% guaranteed success.

PHR Certification questions and answers 100% guaranteed success. 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. Consumer price index - correct answer. Measure of the average change over time in the prices paid by consumers for goods and services. Control - correct answer. To an operations department, an after-the-fact evaluation of a company's ability to meet its own specifications and its customers' needs. Correlation - correct answer. Measure that indicates the relationship between two variables. Cost-benefit analysis - correct answer. Ratio of value created to cost of creating that value; allows management to determine the financial impact particular activities and programs have on an organization's profitability. Decentralization - correct answer. Degree to which decision-making authority is given to lower levels in an organization's hierarchy. Departmentalization - correct answer. Way an organization groups jobs to coordinate work. Divestiture - correct answer. 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. Divisional structure - correct answer. Organizational structure in which segments ae separated by product, customer or market, or region. Due diligence - correct answer. Process of conducting an intensive investigation of an organization as one of the first steps in a pending merger or acquisition. Electronic Communications Privacy Act (ECPA) - correct answer. Act that makes it unlawful to intercept messages in transmission, access stored information on electronic communication services, or disclose this information. Enterprise management - correct answer. Integrated processes and tools to allow information sharing and process management across functions, sometimes even with external partners, such as suppliers. Environmental scanning - correct answer. Process that involves a systematic survey and interpretation of relevant data to identify external opportunities and threats. Equity - correct answer. Amount of owners' or shareholders' portion of a business. Ethics - correct answer. System of moral principles and values that establish appropriate conduct. Extended organization - correct answer. Alliance between organizations to create processes and information channels that allow communication and collaboration. Financial ratios - correct answer. Calculations designed to describe an organization's financial health and performance from various perspectives. Foreign Corrupt Practices Act (FCPA) - correct answer. Prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business. Formula budgeting - correct answer. Form of budgeting in which an average cost is applied to comparable expenses and general funding is changed by a specific amount. Functional structure - correct answer. Organizational structure that defines departments by what services they contribute to the organization's overall mission. Gantt chart - correct answer. Project planning tool that graphically displays activities of a project in sequential order and plots them against time. Generation X - correct answer. Group of people born roughly between the years of Generation Y - correct answer. Group of people born after 1980. Gross domestic product (GDP) - correct answer. Estimate of the total value of goods and services produced in a country in a given year. Gross profit margin - correct answer. Ratio of gross profit to net sales.