Question 1

Replacement charts are listings of current jobholders who are potential replacements if an opening occurs.

Accepted Answer

A) True 
 B)False

Question 2

Scenario 2.1
Blockbuster Canada was the first of its kind in Canada in the movie and games rental business and operated for more than 21 years. However, with the advent of more modern technology accessible mainly through Netflix and Rogers On Demand, Blockbuster struggled to stay relevant in a tech-savvy environment where videos and games could now be rented conveniently from the comfort of one's couch via computer or TV. Despite efforts to try to stay relevant, Blockbuster did not leverage technology that had become an important part of their consumer base's daily lives. As a result, Blockbuster was not able to fight off the competition.
-Refer to Scenario 2.1. To remain competitive, Blockbuster Canada needed to systematically monitor the major external forces influencing the movie/game rental business. Which of the following would be important to its success?

Accepted Answer

A)  analysis of the internal environment 
B)  environmental scanning 
C)  changes in demographics 
D)  changes in its mission, vision, and values

Question 3

Utilizing a balanced scorecard is an aspect of the internal analysis in a SWOT analysis.

Accepted Answer

A) True 
 B)False

Question 4

Manning Logistics laid off nine employees from data-entry positions in its finance division. Two weeks later, it hired 15 employees into data-entry positions in the inventory division. What mistake has the company committed?

Accepted Answer

A)  faulty cultural audit 
B)  not forecasting properly 
C)  faulty goal alignment 
D)  not analyzing the internal labour force

Question 5

Over time, organizations may try to reduce their workforce by relying on attrition.

Accepted Answer

A) True 
 B)False

Question 6

Describe the three key elements of the HRP model.

Accepted Answer

The answer of Describe the three key elements of the...

Question 7

What is the term for the process that is used to identify "best practices"?

Accepted Answer

A)  benchmarking 
B)  balancing the scorecard 
C)  HR "dashboard" 
D)  Markov analysis

Question 8

Through human resources planning, organizations strive for a proper balance between demand considerations and supply considerations.

Accepted Answer

A) True 
 B)False

Question 9

Scenario 2.2
Avie Products Inc. is planning to add a third shift to its production schedule. It currently has 450 workers involved in all aspects of its fertilizer business, best done in Canada. A recent surge in demand from its global customers is driving the need for more workers; however, Simi Meher, the CEO, is concerned that the surge may be temporary, especially in light of the recent economic downturns in the global environment where Avie does business.
-Refer to Scenario 2.2. What is the best strategy for Avie to follow with respect to workers on the third shift?

Accepted Answer

A)  hire full-time employees to get their commitment 
B)  hire part-time staff 
C)  get management to do the extra work 
D)  outsource the work to India

Question 10

Which of the following can be used to translate strategic goals to operational objectives?

Accepted Answer

A)  a Markov analysis 
B)  a replacement chart 
C)  a skills inventory 
D)  a balanced scorecard

Question 11

Under the umbrella of layoff strategies are several work reduction options: reduced workweek, reduced shifts, transfers to related companies, and so on.

Accepted Answer

A) True 
 B)False

Question 12

During its strategic retreat, the top management team at IAMME Gold Corporation pondered on the question "What's the organization reason for being?" What was the team most likely focusing on?

Accepted Answer

A)  the firm's strategic vision 
B)  the firm's core values 
C)  the firm's mission 
D)  the firm's competitive position

Question 13

From an organization's perspective, what is an important shortcoming of having to rely on part-time employees?

Accepted Answer

A)  limited benefits 
B)  costs of continuous replacement 
C)  lack of training 
D)  no job security

Question 14

Which of the following is a graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and future employment requirements?

Accepted Answer

A)  a Markov analysis 
B)  a trend analysis 
C)  a skills inventory 
D)  a staffing table

Question 15

ATM Company has experienced a recent growth in its business. Which of the following is NOT a likely response to its new HR demands?

Accepted Answer

A)  Hire full-time employees 
B)  Ask employees to work over-time 
C)  Allow for attrition 
D)  Use contract workers

Question 16

Human resources planning plays a key role in organizational strategy implementation because organizational leaders must make decisions regarding resource allocations to human capital, among other things.

Accepted Answer

A) True 
 B)False

Question 17

Investors are primary stakeholders of an organization.

Accepted Answer

A) True 
 B)False

Question 18

What do we consider the firm's resources to be when they improve the efficiency or effectiveness of the company?

Accepted Answer

A)  difficult to imitate 
B)  valuable 
C)  organized 
D)  rare

Question 19

Severance pay is a lump-sum payment given to terminated employees.

Accepted Answer

A) True 
 B)False

Question 20

The use of part-time employees creates a problem of labour costs at fast-food restaurants.

Accepted Answer

A) True 
 B)False

Exam 2: Strategy and Human Resources Planning

Replacement charts are listings of current jobholders who are potential replacements if an opening occurs.

Utilizing a balanced scorecard is an aspect of the internal analysis in a SWOT analysis.

Manning Logistics laid off nine employees from data-entry positions in its finance division. Two weeks later, it hired 15 employees into data-entry positions in the inventory division. What mistake has the company committed?

Over time, organizations may try to reduce their workforce by relying on attrition.

Describe the three key elements of the HRP model.

What is the term for the process that is used to identify "best practices"?

Through human resources planning, organizations strive for a proper balance between demand considerations and supply considerations.

Which of the following can be used to translate strategic goals to operational objectives?

Under the umbrella of layoff strategies are several work reduction options: reduced workweek, reduced shifts, transfers to related companies, and so on.

During its strategic retreat, the top management team at IAMME Gold Corporation pondered on the question "What's the organization reason for being?" What was the team most likely focusing on?

From an organization's perspective, what is an important shortcoming of having to rely on part-time employees?

Which of the following is a graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and future employment requirements?

ATM Company has experienced a recent growth in its business. Which of the following is NOT a likely response to its new HR demands?

Human resources planning plays a key role in organizational strategy implementation because organizational leaders must make decisions regarding resource allocations to human capital, among other things.

Investors are primary stakeholders of an organization.

What do we consider the firm's resources to be when they improve the efficiency or effectiveness of the company?

Severance pay is a lump-sum payment given to terminated employees.

The use of part-time employees creates a problem of labour costs at fast-food restaurants.