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Typically organizations follow a process to select an HRIS. Which of the following states the three phases accurately and in proper order?
Production Budget
A detailed plan that outlines the quantity of each product a company intends to produce during a specific period, based on its sales forecast and inventory policies.
Beginning Inventory
The value of goods available for sale or use at the start of an accounting period.
Budgeted Sales
Forecasted sales revenue a company expects to earn in a specific period, based on historical data, market analysis, and economic trends.
Raw Material Purchases
The total cost of raw materials bought by a company for use in production over a specific period.
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