APHR: UNIT 1: HR Operations 2024

APHR: UNIT 1: HR Operations 2024 Advisory or Counseling Role - Answer ️️ -Exists when the relationship between the human resource department and the line managers is one of the providing advice and counsel and when the authority for deciding what to do is shared. Balance Sheet - Answer ️️ -A statement of financial position that reports a company's assets, liabilities, and equity as of a specific point in time, such as the end of the company's fiscal year Cash Flow Statement - Answer ️️ -A report of the flow of cash in and out of a company, showing changes in the balance sheet and how those changes affect the availability of cash Climate - Answer ️️ -The characteristics describing an organization that are relatively visible and stable, but amendable to change. Competitive Advantage - Answer ️️ -A position of relative advantage over one's competition Control Role - Answer ️️ -Exists when the human resource department has the authority to make decisions regarding personnel policies and procedures that line managers are required to follow Core Competency - Answer ️️ -unique skills or resources that give an organization a competitive edge Cultural Artifacts - Answer ️️ -the visible symbols and objects that are unique to an organization and that suggest the kinds of shared beliefs and expectations of members Cultural Values - Answer ️️ -The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity Culture - Answer ️️ -The shared beliefs and expectations among the members of an organization that are relatively enduring and resistant to change Enterprise Resource Planning (ERP) - Answer ️️ -A Computer based system that integrates the various processes throughout a business, such as inventory control, order management, production, customer service, accounting, and human resources.