In the Development and Implementation of an HRIS, the Two

question 15

Multiple Choice

In the development and implementation of an HRIS, the two most important aspects are:

• A)the proposal to management and the needs analysis
• B)the system specifications and the system design,
• C)the documentation and the system design
• D)the documentation and evaluation

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Definitions:

Present Value

The current value of a future amount of money, calculated by applying a discount rate to account for the time value of money.

Required Rate

The minimum expected rate of return on an investment, determined by assessing risk levels and market conditions.

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, which influences decisions such as payment periods and credit limits.

Net Present Value

A method used in capital budgeting to evaluate the profitability of an investment or project, calculated as the difference between the present value of cash inflows and outflows over a period.