PHR Certification Practice Exam
questions and answers best rated a+
Accounts Payable - n
ANS✔
Money an organization owes its vendors and suppliers.
Qs
Accounts Receivable - n
ANS✔
Money an organization's customers owe the organization.
Qs
Action Plans - n
ANS✔
Detailed steps a unit, department, or team will take in order to achieve short-term
objectives.
Qs
Amendment - n
ANS✔
Modification or the Constitution or a law; modification may be either formal (written)
or informal (unwritten).
Qs
Assets - n
ANS✔
Financial, physical, and sometiems intangible properties an organization owns.
Qs
,Balance Sheet - n
ANS✔
Statement of a firm's financial position at a particular time.
Qs
Balanced scorecard - n
ANS✔
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.
Qs
Bill - n
ANS✔
Proposal presented to a legislative body for possible enactment as a law.
Qs
Break-even analysis - n
ANS✔
Analysis that shows point in time at which total revenue associated with a program
is equal to the total cost of the program.
Qs
Business Case - n
ANS✔
Description of an organizational challenge and possible alternative solutions,
arguing for specific solution.
Qs
Capacity - n
ANS✔
,To an operations department, the ability to yield output.
Qs
Cash flow statement - n
ANS✔
Record of how much cash is flowing into and out of an organization, including its
sources or destinations.
Qs
Centralization - n
ANS✔
Degree to which decision-making authority is restricted to higher levels of
management in an organization.
Qs
Code of ethics - n
ANS✔
Principles of conduct within an organization that guide decision making and
behavior.
Qs
Consumer price index - n
ANS✔
Measure of the average change over time in the prices paid by consumers for goods
and services.
Qs
Control - n
ANS✔
To an operations department, an after-the-fact evaluation of a company's ability to
meet its own specifications and its customers' needs.
, Qs
Correlation - n
ANS✔
Measure that indicates the relationship between two variables.
Qs
Cost-benefit analysis - n
ANS✔
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.
Qs
Decentralization - n
ANS✔
Degree to which decision-making authority is given to lower levels in an
organization's hierarchy.
Qs
Departmentalization - n
ANS✔
Way an organization groups jobs to coordinate work.
Qs
Divestiture - n
ANS✔
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.
Qs
questions and answers best rated a+
Accounts Payable - n
ANS✔
Money an organization owes its vendors and suppliers.
Qs
Accounts Receivable - n
ANS✔
Money an organization's customers owe the organization.
Qs
Action Plans - n
ANS✔
Detailed steps a unit, department, or team will take in order to achieve short-term
objectives.
Qs
Amendment - n
ANS✔
Modification or the Constitution or a law; modification may be either formal (written)
or informal (unwritten).
Qs
Assets - n
ANS✔
Financial, physical, and sometiems intangible properties an organization owns.
Qs
,Balance Sheet - n
ANS✔
Statement of a firm's financial position at a particular time.
Qs
Balanced scorecard - n
ANS✔
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.
Qs
Bill - n
ANS✔
Proposal presented to a legislative body for possible enactment as a law.
Qs
Break-even analysis - n
ANS✔
Analysis that shows point in time at which total revenue associated with a program
is equal to the total cost of the program.
Qs
Business Case - n
ANS✔
Description of an organizational challenge and possible alternative solutions,
arguing for specific solution.
Qs
Capacity - n
ANS✔
,To an operations department, the ability to yield output.
Qs
Cash flow statement - n
ANS✔
Record of how much cash is flowing into and out of an organization, including its
sources or destinations.
Qs
Centralization - n
ANS✔
Degree to which decision-making authority is restricted to higher levels of
management in an organization.
Qs
Code of ethics - n
ANS✔
Principles of conduct within an organization that guide decision making and
behavior.
Qs
Consumer price index - n
ANS✔
Measure of the average change over time in the prices paid by consumers for goods
and services.
Qs
Control - n
ANS✔
To an operations department, an after-the-fact evaluation of a company's ability to
meet its own specifications and its customers' needs.
, Qs
Correlation - n
ANS✔
Measure that indicates the relationship between two variables.
Qs
Cost-benefit analysis - n
ANS✔
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.
Qs
Decentralization - n
ANS✔
Degree to which decision-making authority is given to lower levels in an
organization's hierarchy.
Qs
Departmentalization - n
ANS✔
Way an organization groups jobs to coordinate work.
Qs
Divestiture - n
ANS✔
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.
Qs
