Basing the Justification of a New HRIS System or Upgrade

question 31

Multiple Choice

Basing the justification of a new HRIS system or upgrade on compliance with Equal Employment Opportunity (EEO) regulations is an example of ______.

• A) the integration of the HR and legal departments
• B) an organization enhancement justification
• C) a risk avoidance justification
• D) a compliance justification

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Definitions:

Direct Method

A method of presenting the cash flow statement where cash receipts and cash payments from operating activities are disclosed, offering a clearer understanding of cash flows.

Statement of Cash Flows

An account that illustrates the impact of variations in income and balance sheet positions on cash and similar assets.

Indirect Method

A method for presenting cash flow from operations that begins with net income and makes adjustments for transactions that do not involve cash.

Statement of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, analyzing a company’s financing, investing, and operating activities.