There Is a Link Between the Implementation Process of an HRIS

question 10

Multiple Choice

There is a link between the implementation process of an HRIS and the roles played by external and internal suppliers.What capabilities does an organisation require from external suppliers of HRIS:

• A) expert skills in HRIS development and installation
• B) a long term history and interest in the company
• C) maintenance of software currency and relevance
• D) both a and c

Comprehend how offers, invitations to offer, and bids work in the contract formation process.

Know the requirements for a valid offer including present intent, definiteness, and communication.

Recognize the impact of offeror's and offeree's actions (including death) on the offer’s validity.

Grasp the significance of the Uniform Commercial Code (UCC) in modifying traditional contract rules, particularly in terms of offer definiteness and gap-filling rules.

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Definitions:

Allowance for Doubtful Accounts

An estimate of the amount of accounts receivable that may not be collectible.

Bad Debts Expense

Represents the recognition of accounts receivable that a company is unable to collect, treated as an expense in the income statement.

Uncollectible Accounts

Uncollectible Accounts are receivables that cannot be collected from customers, often written off as a bad debt expense.

Accounts Payable

Short-term financial obligations to vendors or service providers for purchases made on credit.