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The HR Department at TIP Consulting Uses a Human Resource

question 7

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The HR department at TIP Consulting uses a human resource information system (HRIS) .The employees of the department can view and track their individual progress as well as the progress that the department has made using HRIS.The component of the HRIS that enables this is called a(n) _____.


Definitions:

Recognition

The process in accounting where certain transactions are recorded in the financial statements of a reporting period.

Discount

A reduction applied to the nominal price or face value of something for promotional purposes, or to reflect current market values.

Forward Contract

A financial derivative contract obligating the buyer to purchase an asset, or the seller to sell an asset, at a predetermined future date and price.

Exchange Rates

The rate at which one currency can be exchanged for another.

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