WorksheetsChapter 6- Cost-Justifying HRIS Investments
Total questions: 10
Worksheet time: 5mins
What does BCA stand for?
Benefit-Cost-Analysis
Benefit-Cost-Account
Benefit-Cost-Auditor
Benefit-Credit-Analysis
Which of the following is one of the components of a BCA?
Sources of benefits and costs
Estimated dollar value for each benefit & cost item
Time when the organization will get those benefits and incur each cost.
All of the above
True or false: Direct benefits are considered be a soft benefit.
True
False
A HRIS will always be acquired after a Benefit-Cost- Analysis.
True
False
What is an example of an HRIS system?
Oracle
Workday
ADP
All of them
When acquiring an HRIS what is the first step?
Form a HRIS project team
Buy the HRIS system
Create a BCA
Submit the paperwork to purchase an HRIS
Organizational enhancement strategies, focus on the overall efficiency of an organization will increase due to acquiring or updating an HRIS
True
False
Which is NOT an approach to estimate benefit magnitude?
direct estimation
internal assessment
benchmarking
Hyperinflation
The two main types of strategies for justifying HRIS investments are:
Risk avoidance strategies and Organizational enhancement strategies
Organizational avoidance strategy and Risk assessment strategy
None of these answers are correct
Indirect benefits are considered
Hard benefits
Soft benefits
Medium benefits
