A Human Resources Information System Includes Only the Software Elements

question 35

True/False

A Human Resources Information System includes only the software elements and support functions to gather, store, and report human resources data.

---

Definitions:

Exchange Rates

The value of one currency for the purpose of conversion to another, determining how much one currency is worth in terms of the other.

Forward Exchange Contract

An agreement to exchange currencies at a specified rate on a predetermined future date, used to hedge against currency risk.

Net Income

The net income of a company, calculated by deducting all costs and taxes from the overall revenue.

Local Currency Units

Local currency units refer to the currency that is legal tender in a country's domestic economy and used to present financial information.