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SHRM-CP Business Acumen test with 100- correct answers.
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SHRM-CP Business Acumen test with 100- correct answers.
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SHRM-CPBusiness
Acumen test
with 100%
correct answers
Return on Investment (ROI) - answer a percentage
that measures how beneficial a new tool or
practice has been compared to its initial
investment
-can be calculated as net return on investment /
cost of investment x 100%
Return on Equity (ROE) - answer the amount of
money made compared to the average investment
of each shareholder
-can be calculated as net income/average
shareholder's equity
, balance sheets - answer convey financial position
and report a company's assets, liabilities, and
equity over a specific period of time
*Assets - Liabilities = Equity
asset - answer any resource possessed by the
company as a result of previous actions and from
which future gains are expected
liability - answer a current obligation as a result of
previous actions expected to result in an outflow of
resources
equity - answer the residual interest and assets
after deducting all liabilities
budgets - answer -involve collecting relevant or
historical data and often stems directly from the
organizational vision and the strategic plan
-fixed costs, variable costs, and revenue estimates
are developed to establish budgets
-performance should be monitored on a monthly,
quarterly, and annual basis.
strategic plan - answer ensures that resources are
used to support achieving the organizational
objectives
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