Because Many HRM / Payroll Master Databases Typically Contain Only

question 57

Multiple Choice

Because many HRM / payroll master databases typically contain only descriptive information (such as which employees possess which skills) ,many firms have deployed ________ to more effectively leverage employees knowledge and skills.

• A) relational databases
• B) knowledge management systems
• C) Resources, Events, and Agents (REA) databases
• D) cardinality systems

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Definitions:

Forecasted Demand

The estimated amount of product or service that will be bought by customers in a future period, often used for planning in business operations.

Postponement

A supply chain strategy that delays the final production or distribution of a product until customer orders are received to minimize inventory and forecast error costs.

Product Differentiation

The method of making a product or service stand out from competitors in the marketplace to appeal more effectively to a specific target audience.

Disaggregating Inventories

The process of breaking down inventory into detailed categories or segments to better manage and control stock.