Exam 2: Human Resources Strategy and Planning

Under the federal Consolidated Omnibus Budget Reconciliation Act (COBRA), displaced workers can retain their group medical coverage for up to 18 months for themselves, and up to 36 months for their dependents, if they pay the premium themselves.

Which of the following best defines multinational corporations?

The SWOT analysis helps managers in formulating a strategic plan that considers the organization's ability to deal with the situation at hand.

The formula for calculating human capital return on investment = Revenue +(Operating Expense +(Compensation - Benefits Cost)) / (Compensation - Benefit Cost)

Which of the following is a mathematical method of HR forecasting?

Annual wages and pay increases are classified as a _____ metric of Human Resource.

A(n) _____ refers to the judgmental method of HR forecasting that requires experts to meet face to face.

Ken, a brand manager at Media Labs LLC., is formulating a strategic plan for his organization. He has identified the organizational mission and formulated a SWOT analysis of the business. Which of the following is most likely to be Ken's next step in the strategic planning process?

Describe the strategic planning process for organizations.

Instead of making a choice, a good strategy will try to accommodate many different demands and interests.

Describe the four important factors in changing organizational culture.

Good strategies involve an accurate diagnosis of the challenge, an approach to overcome the obstacles, and a focus on coherent actions to make the approach work.

Discuss environmental analysis.

Which of the following is typically the first step in the strategic planning process for organizations?

Jill, an HR manager at Sunny Day, is completing the HR planning process. Which of the following should be her last step?

Define strategic planning.

Which of the following is a factor of the external environment in an organization?

The internal environment of planning includes economic, political, and competitive forces that will shape the future.

Mark, an HR manager, is responsible for the HR planning process in his organization. He has reviewed the organization's strategic plans. Which of the following is most likely to be Mark's next step in the planning process?

HR-to-employee ratio is classified as a(n) _____ metric of Human Resource.