Gavin Chen Is the VP of HR at Motion

question 17

Multiple Choice

Gavin Chen is the VP of HR at Motion.com. The company has recently concluded its adoption phase and entered the implementation phase of an HRIS. Gavin is faced with the task of putting together a project team for the implementation phase. Which of the following should Gavin include?

• A) Outside consultants who have technical skills
• B) Outside consultants who have change management and legal compliance skills and subject matter experts from HR and payroll
• C) Subject matter experts from HR and payroll
• D) A senior project manager to lead the team
• E) Outside consultants who have technical and change management skills and subject matter experts from HR and payroll

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Definitions:

Financial Effect

The impact of financial transactions and events on the financial statements of an organization, altering its financial condition or performance.

Uncertainties

Situations or elements with unpredictable outcomes, often affecting decision-making and planning in business and science.

Expected Outflows

The projected cash or resource outflows from a business or specific project, often used in financial planning or investment analysis.

Provisions Disclosure

The requirement to reveal information about provisions within the financial statements, including the nature, timing, and amount.