PHR Certification questions with 100% correct answers 2023

PHR CertificationAccounts Payable - correct answer Money an organization owes its vendors and suppliers. Accounts Receivable - correct answer Money an organization's customers owe the organization. Action Plans - correct answer Detailed steps a unit, department, or team will take in order to achieve short-term objectives. Amendment - correct answer Modification or the Constitution or a law; modification may be either formal (written) or informal (unwritten). Assets - correct answer Financial, physical, and sometiems intangible properties an organization owns. Balance Sheet - correct answer Statement of a firm's financial position at a particular time. Balanced scorecard - correct answer Measurement approach that provides an overall picture of an organization's performance as measured against goals in finance, customers, internal business processes, and learning and growth. Bill - correct answer Proposal presented to a legislative body for possible enactment as a law. Break-even analysis - correct answer Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program. Business Case - correct answer Description of an organizational challenge and possible alternative solutions, arguing for specific solution. Capacity - correct answer To an operations department, the ability to yield output.