Typically Organizations Follow a Process to Select an HRIS

question 34

Multiple Choice

Typically organizations follow a process to select an HRIS. Which of the following states the three phases accurately and in proper order?

• A) Adoption, implementation, and integration
• B) Needs analysis, implementation, and integration
• C) Adoption, implementation, and follow-up
• D) Adoption, integration, and follow-up
• E) Needs analysis, adoption, and integration

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Definitions:

Working Capital

This refers to the amount by which current assets exceed current liabilities, indicating the liquidity available to a business for day-to-day operations.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.

Current Assets

Resources anticipated to be transformed into cash, sold, or utilized within a year or during the standard operational cycle of the company.

Fiscal Year

A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may not align with the calendar year.