Question 1

A strategic audit would most likely be used by an HR manager to assess a firm's procedures and practices in regards to employee benefits.

Accepted Answer

A) True 
 B)False

Question 2

Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning.

Accepted Answer

A) True 
 B)False

Question 3

A diversification corporate strategy implies that a firm will ________.

Accepted Answer

A) expand by adding new product lines 
B) reduce the company's size to increase market share 
C) save money by producing its own raw materials 
D) increase profits by offering one popular product 
A) expand by adding new product lines 
B) reduce the company's size to increase market share 
C) save money by producing its own raw materials 
D) increase profits by offering one popular product

Question 4

A construction firm that wants to compare its own HR-related metric results with those of other construction firms can use a benchmarking service provided by SHRM.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following terms refers to the process of comparing and analyzing the practices of one firm with those of a high-performing company?

Accepted Answer

A) benchmarking 
B) diversifying 
C) strategizing 
D) outsourcing 
A) benchmarking 
B) diversifying 
C) strategizing 
D) outsourcing

Question 6

Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position?

Accepted Answer

A) human resource audits 
B) human resource metrics 
C) management by objectives 
D) human resource scorecards 
A) human resource audits 
B) human resource metrics 
C) management by objectives 
D) human resource scorecards

Question 7

McDonald's addressed its lagging profitability by first closing stores operating below its guidelines.McDonald's used a consolidation strategy.

Accepted Answer

A) True 
 B)False

Question 8

Companies with empowered,highly trained,flexible workforces have a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following activities most likely indicates that a firm is implementing a vertical integration strategy?

Accepted Answer

A) selling unprofitable divisions 
B) producing raw materials 
C) aggressively selling a new product 
D) purchasing a competitor's firm 
A) selling unprofitable divisions 
B) producing raw materials 
C) aggressively selling a new product 
D) purchasing a competitor's firm

Question 10

Which of the following is a simple guide used to compile relevant information about economic,competitive,and political trends that may affect a firm?

Accepted Answer

A) workforce requirement matrix 
B) environmental scanning worksheet 
C) external resource system table 
D) potential globalization network 
A) workforce requirement matrix 
B) environmental scanning worksheet 
C) external resource system table 
D) potential globalization network

Question 11

Which of the following provides a summary of a firm's intended direction and shows,in broad terms,"what we want to become"?

Accepted Answer

A) mission statement 
B) strategic plan 
C) vision statement 
D) marketing plan 
A) mission statement 
B) strategic plan 
C) vision statement 
D) marketing plan

Question 12

HR audits typically review a firm's recruiting,testing,and training methods to ensure compliance with government and organization regulations.

Accepted Answer

A) True 
 B)False

Question 13

During a merger or an acquisition,due diligence reviews performed by human resource teams are most likely to assess all of the following EXCEPT ________.

Accepted Answer

A) accounting procedures 
B) employee litigation 
C) employee benefits 
D) labor relations 
A) accounting procedures 
B) employee litigation 
C) employee benefits 
D) labor relations

Question 14

What is the first step in the strategic management process?

Accepted Answer

A) formulating a strategy 
B) defining the current business 
C) translating a mission into goals 
D) implementing an environmental scan 
A) formulating a strategy 
B) defining the current business 
C) translating a mission into goals 
D) implementing an environmental scan

Question 15

Formulating and executing human resource policies and practices that produce the employee competencies and behaviors a company needs to achieve its strategic aims is known as ________.

Accepted Answer

A) strategic human resource management 
B) human resource performance systems 
C) high-performance personnel management 
D) personnel management by objectives 
A) strategic human resource management 
B) human resource performance systems 
C) high-performance personnel management 
D) personnel management by objectives

Question 16

HR scorecards present managers with desktop graphs and charts of how a firm's HR strategies compare to those of other firms in the same industry.

Accepted Answer

A) True 
 B)False

Question 17

The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________.

Accepted Answer

A) BCG matrix 
B) QSPM matrix 
C) SWOT chart 
D) EPS/EBIT table 
A) BCG matrix 
B) QSPM matrix 
C) SWOT chart 
D) EPS/EBIT table

Question 18

The primary purpose of strategic human resource management is to ________.

Accepted Answer

A) develop human resource policies that align with industry standards 
B) integrate a company's strategic plan with its human resource strategies 
C) create stringent appraisal systems that highlight employee weaknesses 
D) use offshoring to reduce human resource costs and to initiate globalization 
A) develop human resource policies that align with industry standards 
B) integrate a company's strategic plan with its human resource strategies 
C) create stringent appraisal systems that highlight employee weaknesses 
D) use offshoring to reduce human resource costs and to initiate globalization

Question 19

Strategic management is best defined as the process of executing the firm's strategic plan by matching the firm's capabilities with its ________.

Accepted Answer

A) environmental demands 
B) competitive standards 
C) natural resources 
D) hierarchical skills 
A) environmental demands 
B) competitive standards 
C) natural resources 
D) hierarchical skills

Question 20

In order to generate the desired workforce skills,competencies,and behaviors that a firm needs to achieve its strategic goals,human resource management must first develop ________.

Accepted Answer

A) HR strategies 
B) HR databases 
C) employee cultures 
D) company norms 
A) HR strategies 
B) HR databases 
C) employee cultures 
D) company norms

A strategic audit would most likely be used by an HR manager to assess a firm's procedures and practices in regards to employee benefits.

Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning.

A diversification corporate strategy implies that a firm will ________.

A construction firm that wants to compare its own HR-related metric results with those of other construction firms can use a benchmarking service provided by SHRM.

Which of the following terms refers to the process of comparing and analyzing the practices of one firm with those of a high-performing company?

Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position?

McDonald's addressed its lagging profitability by first closing stores operating below its guidelines.McDonald's used a consolidation strategy.

Companies with empowered,highly trained,flexible workforces have a competitive advantage.

Which of the following activities most likely indicates that a firm is implementing a vertical integration strategy?

Which of the following is a simple guide used to compile relevant information about economic,competitive,and political trends that may affect a firm?

Which of the following provides a summary of a firm's intended direction and shows,in broad terms,"what we want to become"?

HR audits typically review a firm's recruiting,testing,and training methods to ensure compliance with government and organization regulations.

During a merger or an acquisition,due diligence reviews performed by human resource teams are most likely to assess all of the following EXCEPT ________.

What is the first step in the strategic management process?

Formulating and executing human resource policies and practices that produce the employee competencies and behaviors a company needs to achieve its strategic aims is known as ________.

HR scorecards present managers with desktop graphs and charts of how a firm's HR strategies compare to those of other firms in the same industry.

The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________.

The primary purpose of strategic human resource management is to ________.

Strategic management is best defined as the process of executing the firm's strategic plan by matching the firm's capabilities with its ________.

In order to generate the desired workforce skills,competencies,and behaviors that a firm needs to achieve its strategic goals,human resource management must first develop ________.

Introduction to Human Resource Management

Equal Opportunity and the Law

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Benefits and Services

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters

Exam 3: Human Resource Management Strategy and Analysis

A strategic audit would most likely be used by an HR manager to assess a firm's procedures and practices in regards to employee benefits.

Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning.

A diversification corporate strategy implies that a firm will ________.

A construction firm that wants to compare its own HR-related metric results with those of other construction firms can use a benchmarking service provided by SHRM.

Which of the following terms refers to the process of comparing and analyzing the practices of one firm with those of a high-performing company?

Which of the following terms refers to the quantitative measure of a human resource management yardstick such as employee turnover or qualified applicants per position?

McDonald's addressed its lagging profitability by first closing stores operating below its guidelines.McDonald's used a consolidation strategy.

Companies with empowered,highly trained,flexible workforces have a competitive advantage.

Which of the following activities most likely indicates that a firm is implementing a vertical integration strategy?

Which of the following is a simple guide used to compile relevant information about economic,competitive,and political trends that may affect a firm?

Which of the following provides a summary of a firm's intended direction and shows,in broad terms,"what we want to become"?

HR audits typically review a firm's recruiting,testing,and training methods to ensure compliance with government and organization regulations.

During a merger or an acquisition,due diligence reviews performed by human resource teams are most likely to assess all of the following EXCEPT ________.

What is the first step in the strategic management process?

Formulating and executing human resource policies and practices that produce the employee competencies and behaviors a company needs to achieve its strategic aims is known as ________.

HR scorecards present managers with desktop graphs and charts of how a firm's HR strategies compare to those of other firms in the same industry.

The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________.

The primary purpose of strategic human resource management is to ________.

Strategic management is best defined as the process of executing the firm's strategic plan by matching the firm's capabilities with its ________.

In order to generate the desired workforce skills,competencies,and behaviors that a firm needs to achieve its strategic goals,human resource management must first develop ________.

Introduction to Human Resource Management

Equal Opportunity and the Law

Job Analysis and the Talent Management Process

Personnel Planning and Recruiting

Employee Testing and Selection

Interviewing Candidates

Training and Developing Employees

Performance Management and Appraisal

Employee Retention, Engagement, and Careers

Establishing Strategic Pay Plans

Pay for Performance and Financial Incentives

Benefits and Services

Ethics and Employee Rights and Discipline

Labor Relations and Collective Bargaining

Employee Safety and Health

Managing Global Human Resources

Managing Human Resources in Entrepreneurial Firms

Filters