When Considering How HR Systems Are Designed the Communication Plan

question 4

True/False

When considering how HR systems are designed the communication plan about those systems can make or break how successful the organization is based on how specific and clear the information is communicated.

---

Definitions:

Payment of Account

The process of settling an amount owed to a creditor or vendor, often referred to as making a payment on an account.

Accounts Receivable Turnover

A financial ratio that measures how many times a company collects its average accounts receivable within a period.

Days' Sales in Receivables

A financial metric that calculates the average number of days it takes a company to collect payment after a sale has been made.

Industry Average Turnover

A measure comparing a company's sales or revenues relative to the average of its industry, indicating how efficiently a company is utilizing its assets.