SHRM / PHR - Module 1

Portion of a population used to draw conclusions regarding an entire populations

Global network that delivers products and service from raw materails to end customers through an engineered flow of information, physical distribution, and cash.

Estimate of the total value of goods and services produced in a country in a given year.

Form of budgeting in which the prior budget is the basis for allocation of funds.

Proposal presented to a legislative body for possible enactment as a law.

Analysis that shows point in time at which total revenue associated with a program is equal to the total cost of the program.

Financial, physical, and sometimes intangible properties an organization owns.

Series of tasks and activities that has a stated goal and objectives, a schedule with defined start and end dates, and a budget that sets limits on the use of monetary and human resources.

Short-term alliance between independent organizations in a potentially long-term relationship to design, produce, and distribute a product.

Vivid, guiding image of an organization's desired future.

Serve a purpose similar to short-term objectives but are completed in one to three years.

Process of planning, pricing, promoting, and distributing goods and services to satisfy organizational objectives.

Distance between highest and lowest scores in a set of data.

Measure that indicates the relationship between data items using x and y axes.

Expected distribution given a random sampling of people across a large population.