Centralizing HRM Processes, E

question 25

True/False

Centralizing HRM processes, e.g., recruiting employees, training employees, directly affects organizational effectiveness.

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Definitions:

Notes Collected

The process of receiving payment on promissory notes, which are written promises to pay a specific sum of money.

Accounts Payable

Short-term liabilities of a business which are owed to suppliers for goods and services purchased on credit.

Voucher

A document or record that verifies a transaction and authorizes the payment or receipt of funds.

Journal

A record where all financial transactions are initially entered in chronological order.