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Justifying HRIS Investments MCQ

A strategy used by organizations as part or all of the justification for purchasing HRIS software is known as ______ .

Risk avoidance strategy

Affirmative action plan (AAP)

Americans with Disabilities Act

None of these

Answer

Correct Answer: Risk avoidance strategy

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ROI is stands for _____

Return on investment

Responsible Officer

Revenue Officer

None of these

Answer

Correct Answer: Return on investment

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A capital budgeting metric that calculates the number of years required for the flow of benefits returned by an investment to equal the cost of the investment is known as ________ .

Payback period

Return on investment

Risk avoidance strategy

None of these

Answer

Correct Answer: Payback period

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Organizational enhancement strategies is an approach to justifying the purchase of HRIS software and systems that is based on identifying instances

True

False

Answer

Correct Answer: True

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IRR stands for _____

Internal resources random

Internal rate of return

Both a & b

None of these

Answer

Correct Answer: Internal rate of return

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The costs associated with the implementation and use of a new HRIS that cannot be measured with certainty also called _____.

Intangible benefits

Indirect costs

Internal assessment

None of these

Answer

Correct Answer: Indirect costs

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Indirect benefits are the benefits associated with the implementation and use of a new HRIS that cannot be measured with certainty is also known as ______ .

Intangible benefits

Indirect costs

Internal assessment

None of these

Answer

Correct Answer: Intangible benefits

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Implementation costs is the costs associated with implementing a new HRIS.

True

False

Answer

Correct Answer: True

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The number of programs or functions—such as recruiting, compensation, and job analysis—that are operational using the specific HRIS configuration is known as _______ .

HRIS functionality

Non function

Implementation costs

None of these

Answer

Correct Answer: HRIS functionality

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Direct estimation is an approach to estimating indirect benefits of a new HRIS in which the analyst estimates the value of any ________ of the HRIS

Indirect benefits

Direct benefits

Both a & b

None of these

Answer

Correct Answer: Direct benefits

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Direct costs associated with the _________ that can be measured objectively in dollars.

An information system

Implementation of a system

Processing system

None of these

Answer

Correct Answer: Implementation of a system

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Direct benefits accruing from _______ that can be measured objectively in dollars.

An information system

Implementation of a system

Processing system

None of these

Answer

Correct Answer: An information system

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The size, or magnitude, of the benefits to be gained by implementing an HRIS is known as ______ .

Direct benefits

Benefit magnitude

Benefit-cost analysis

None of these

Answer

Correct Answer: Benefit magnitude

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The financial analysis of the benefits and costs of implementing a new or upgraded system is known as

Direct benefits

Benefit magnitude

Benefit-cost analysis

None of these

Answer

Correct Answer: Benefit-cost analysis

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Benchmarking used in management, and particularly in human resource management.

True

False

Answer

Correct Answer: True

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BCA provides them with an improved likelihood of making the best financial decision regarding an investment in an HRIS.

True

False

Answer

Correct Answer: True

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AEC stands for _____

Automotive Engineering Company

Adaptive Error Compensation

Army Environmental Center

Average employee contribution

Answer

Correct Answer: Average employee contribution

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