An HRIS Can Be Stand-Alone as Not All Organizations Require

question 61

Multiple Choice

An HRIS can be stand-alone as not all organizations require sophisticated systems.There are many different vendors who offer different sizes and types of products because

• A)most sophisticated systems are not user-friendly.
• B)not all systems provide all features.
• C)organizations prefer to use paper-based systems.
• D)organizations have to consider the cost aspect.
• E)HR departments don't support the use of such systems.

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Definitions:

Annuity Contract

A written agreement with an insurance company where the company agrees to make periodic payments to a person in return for a premium or series of premiums.

Expected Return

The projected return on an investment over a given period of time, factoring in various risks and the time value of money.

Single Life Annuity

A financial product that provides a stream of payments to an individual for their lifetime, ceasing upon their death.

Annuity Contract

A financial agreement between an individual and an insurance company where the individual makes a lump-sum payment or series of payments in exchange for regular disbursements starting either immediately or at some point in the future.