A Decision to Purchase an HRIS Can Vary from One

question 49

Multiple Choice

A decision to purchase an HRIS can vary from one organization to another based on their existing technology, ability to afford technology, and the size and culture of the company. However, there is some common ground that all companies can agree on for adopting HR technology. Those reasons are

• A) cost savings, employee record keeping, and faster processing of information.
• B) faster processing of information, cost savings, and helping the organization to achieve goals.
• C) cost saving, skills assessment, and employee equity planning.
• D) higher efficiency in data processing, ease of scheduling work, and linking compensation to performance.
• E) maintaining employee records, developing labour relations, and data miming.

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Definitions:

Allowance Method

The Allowance Method is an accounting technique that estimates and accounts for doubtful accounts, reducing the accounts receivable to its net realizable value.

Going Concern Assumption

An accounting principle assuming that an entity will continue to operate for the foreseeable future.

Direct Method

An approach to preparing the cash flow statement where actual cash flows from operating activities are listed.