This is the content of the pop-over!
Cart Cart Login Login Join Join

HRCI PHR (PHR ) Practice Tests & Test Prep by Exam Edge


(5.0) Based on 37 Reviews

HRCI PHR Practice Test Features

Everything you need to pass your certification exam!


Passing your HRCI PHR can be a very stressful time in your life. So why take chances with your preparation? Let us help you through the certification process.

HRCI Professional in Human Resources product image
  • Instant access to your online practice tests
  • Unlimited test access - available 24/7
  • Timed, untimed, and study guide modes
  • Detailed explanations for each question
  • 10 online practice exams with 100 unique questions per exam
  • 1,000 unique questions, if you purchase all 10 exams

Start your exam prep today with a HRCI PHR practice test!




Testimonial Image ExamEdge's online practice test is that they mimicked the actual exam. I walked into the exam feeling confident I knew the material and walked out knowing my time studying with Exam Edge was well worth the effort."

Olivia R., Washington

Select Quantity

Buy one or save big with a practice test bundle for the HRCI PHR exam.

 
# of Practice Tests
Regular Price
Your Savings
Your Price
credit card images All transactions secured and encrypted
All prices are in US dollars

Get Instant Online Access Now!


HRCI Professional in Human Resources Sample Test

1 of 5

The balance sheet is a basic financial statement that shows three things. They are:

Correct Answer:
assets, liabilities, and equity
the balance sheet is a fundamental financial statement used by businesses to provide a snapshot of the company's financial position at a specific point in time. it primarily displays three key components: assets, liabilities, and equity. let's delve deeper into each of these components:

**assets** are resources owned by the business that are expected to bring future economic benefits. these include both current assets, such as cash and accounts receivable, which are expected to be converted into cash within one year, and non-current assets, like property, plant, and equipment, which are used over a longer period. assets are listed on the balance sheet at their current value and are typically organized in order of liquidity.

**liabilities** represent the obligations of the company that arise from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services, or other yielding of economic benefits in the future. liabilities are classified as either current liabilities, which are due within one year, or long-term liabilities, which are due beyond one year. common examples of liabilities include loans, accounts payable, and mortgages.

**equity**, also known as shareholders' equity or owner's equity, represents the owner's claims on the assets of the business after all liabilities have been deducted. essentially, equity is the net amount of funds invested in the business by its owners plus any retained earnings. it serves as an indicator of the financial health of the business. components of equity include common stock, preferred stock, additional paid-in capital, retained earnings, and treasury stock.

the balance sheet is organized such that the total assets always equal the total of liabilities plus equity, which is commonly referred to as the accounting equation: \[ \text{assets} = \text{liabilities} + \text{equity} \] this equation must balance because every financial transaction affects at least two of these accounts in a way that maintains the equation’s balance.

the balance sheet does not show income, expenses, or cash flow directly. these elements are reflected in other financial statements such as the income statement and the cash flow statement. the income statement provides details about the company's revenues and expenses, which lead to the net income or loss over a specific period. the cash flow statement, on the other hand, shows changes in the balances of accounts over time and breaks down the cash inflows and outflows from operating, investing, and financing activities.

in conclusion, understanding the balance sheet is crucial for stakeholders to assess the financial stability and operational capability of a business. it helps in evaluating the level of risk and return and provides a basis for making financial decisions and strategic planning.

HRCI PHR (PHR ) Shortcuts

Additional test information General Exam Info
Practice Test Topics Exam Topics
Additional Test Info Additional Info
Practice Tests Features Features
Study Plan Study Plan Tips
Exam Edge Test Reviews Test Reviews
Why Exam Why Exam Edge?
Practice Test FAQ FAQ
Exam Related Blogs Related Blogs
Take a Free Practice Test FREE Practice Test

Top 10 Reasons for using Exam Edge to pass your HRCI Professional in Human Resources exam

  • Exam Edge's HRCI Professional in Human Resources was created to focus solely on the HRCI Professional in Human Resources test. All practice test questions parallel the topics covered on the real test, are in the right proportion,

  • Our practice tests are designed to make you familiar with the real test. Our exams simulate the pressure of the real exam, by setting the per question time limit to be the same as the real exam. So when you take the actual test, you will feel comfortable with the requirements of the real exam.

  • We offer 10 online practice exams with 1,000 unique questions to help you prepare for your HRCI Professional in Human Resources exam.

  • The low cost! The cost of ordering 5 practice tests is less than the cost of taking the real HRCI Professional in Human Resources test. In other words, it would cost you less money to order 5 practice tests, than if you failed the real test and had to retake it. Now that is a bargain!

  • If you have to stop while taking one of our tests, you can continue right where you left off. When you continue the test, you will start exactly where you were, and with the same amount of time you had remaining.

  • After you complete a test, we provide your raw score (how many you answered correctly) and our estimate of the HRCI score you would receive if you were taking the real test.

  • As you complete your practice tests, we show you which questions you answered correctly, which ones you answered incorrectly, and provide detailed step-by-step explanations for every single question on the test!

  • BBBAs a fully accredited member of the Better Business Bureau, we uphold the highest level of business standards. You can rest assured that we maintain all of the BBB Standards for Trust

  • Because the tests are web-based, there is no software to install. Our practice tests are available to you 24-hours a day. No matter where you are, you can take our practice tests on any computer with access to the internet.

  • If you need additional help, we offer specialized tutoring. Our tutors are highly qualified.

Pass Your HRCI Professional in Human Resources Certification Exam with Exam Edge

Are you nervous about your upcoming HRCI Professional in Human Resources certification exam? Look no further, Exam Edge is here to help you achieve your goal! Our world-class online practice certification tests are designed to provide you with the knowledge and confidence you need to pass your HRCI PHR exam on your first try!

Key Facts on Exam Edge's online practice tests for your HRCI Professional in Human Resources Exam.

  • 10 Online Practice Exams: With Exam Edge, you'll have access to 10 practice tests, each with 100 questions, to help you thoroughly prepare for your HRCI PHR (PHR ) exam.
  • Instant Access: Get started immediately with instant access to your online practice exams. No waiting or software installation is required!
  • Detailed Explanations: Each question is accompanied by a detailed explanation, so you'll fully understand the reasoning behind the correct answer and improve your knowledge.
  • Take Each Exam 4 Times: You can take our practice exams up to 4 times, giving you plenty of opportunities to review and master the material.
  • Web-Based: Our HRCI practice tests are available 24/7 at your convenience, and because they are web-based, there is no software to install.
  • Psychological Advantage: Exam Edge practice tests will allow you to walk into your test day with confidence

Exam Edge practice tests are a valuable tool for helping you prepare for the HR Certification Institute (PHR ) certification exam. The practice tests provide a realistic simulation of the actual exam, allowing you to become familiar with the format, style, and types of questions you will encounter on the actual test. Certification exams don't just measure what you know -- they are also a test of how well you perform under pressure. The right type of test preparation helps you familiarize yourself not only with the material you're being tested on, but also the format of the test, so you feel less anxiety on test day.

HRCI Professional in Human Resources Aliases Test Name

Here is a list of alternative names used for this exam.

  • HRCI Professional in Human Resources
  • HRCI Professional in Human Resources test
  • HRCI Professional in Human Resources Certification Test
  • HRCI PHR test
  • HRCI
  • HRCI PHR
  • PHR test
  • HRCI Professional in Human Resources (PHR )
  • Professional in Human Resources certification