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The HR Department at AYM Resources Is Having a Tough

question 81

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The HR department at AYM Resources is having a tough time documenting its strategies.In addition,irregularities were uncovered when reviewing the training expenses for a new group of employees.As a solution to these issues,the general manager proposes that all policies,decisions,expenses,and other plans be documented thoroughly with the help of computers that would store pertinent data and organizational information.In this scenario,the general manager proposes using _____.


Definitions:

Balance Sheet

A financial report detailing a company's possessions, debts, and owner's equity at a particular moment.

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell it, and convert the sale into cash.

Financial Data

Financial data consists of records, figures, and quantitative information related to the financial status, operations, and performance of an entity.

Dividends

Payments made by a corporation to its shareholder members; it is the portion of corporate profits paid out to stockholders.

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