Question 1

What are some of the key tradeoffs between closure and bridging relationships in social network theory? What are some implications for career success?

Accepted Answer

The answer of What are some of the key tradeoffs...

Question 2

Social network analysis can be used to help identify groups or clusters of individuals that comprise the network,individuals who link the clusters,and other network members.

Accepted Answer

A) True 
 B)False

Question 3

Technical skills are a necessary and sufficient condition for hiring an employee.

Accepted Answer

A) True 
 B)False

Question 4

Knowledge workers are more loyal to their companies than traditional workers.

Accepted Answer

A) True 
 B)False

Question 5

Many companies use referrals by current employees as a source for new hiring and even monetarily reward them because __________________.

Accepted Answer

A)  it is less expensive than the fees paid to headhunters 
B)  current employees normally are careful in recommending someone due to their personal credibility 
C)  it is a good test of employee loyalty 
D)  current employees are careful in their recommendations and it is less expensive than the fees paid to headhunters

Question 6

Firms must compete for top talent.When attracting and selecting employees,firms must strive to select the best fit for both the employee and the firm.In an effort to reduce wasted time and effort in interviewing too many candidates while assuring a good candidate pool,a firm should ____.

Accepted Answer

A)  run employment ads in the newspaper 
B)  only let lower level employees interview job candidates 
C)  use a pre-interview quiz 
D)  refrain from hiring by referrals from present employees

Question 7

Advantages of effective social networks for career success include all of the following EXCEPT _____.

Accepted Answer

A)  access to private information 
B)  access to diverse skill sets 
C)  greater redundancy in knowledge sources 
D)  greater power

Question 8

Closure,in contrast to bridging relationships,stresses the importance of ties connecting heterogeneous people.

Accepted Answer

A) True 
 B)False

Question 9

Creativity and problem solving ability are considered to be part of ____________.

Accepted Answer

A)  physical capital 
B)  human capital 
C)  social capital 
D)  emotional capital

Question 10

Explain why going green might help to attract good talent.Give an example of an organization that has had positive talent acquisition and retention as a result of going green.

Accepted Answer

The answer of Explain why going green might help to...

Question 11

Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.

Accepted Answer

A) True 
 B)False

Question 12

Maintaining a competitive workforce is very challenging in the current economy.The role of evaluating human capital,in recent years,has _____.

Accepted Answer

A)  remained the same 
B)  decreased 
C)  become less important 
D)  increased

Question 13

The workforce in the United States will become increasingly diverse over the next few decades.What strategies should firms undergo to take full advantage of this emerging trend?

Accepted Answer

The answer of The workforce in the United States will...

Question 14

Managing a knowledge intensive workforce is very challenging.The best way for a firm to manage its workforce is to __________.

Accepted Answer

A)  retain knowledge workers 
B)  balance efforts in the attraction, selection, and retention of top talent 
C)  attract the brightest employees 
D)  ensure that it pays higher salaries than its rivals

Question 15

All of the following are the benefits of diversity in the workforce of a firm except:

Accepted Answer

A)  creativity argument 
B)  problem-solving argument 
C)  similarity in perspectives argument 
D)  resource acquisition argument

Question 16

In the current economy,reliance on the three traditional financial statements (income statement,balance sheet,and statement of cash flow)has increased.
A. Howell, an expert on the changing role of finance and accounting, suggests that the big three financial statements are about as useful as an 80-year-old Los Angeles road map.

Accepted Answer

A) True 
 B)False

Question 17

Discuss how technology has impacted the attraction,training,and retention of professionals.How has technology helped firms to enhance their human capital and social capital?

Accepted Answer

The answer of Discuss how technology has impacted the attraction,training,and...

Question 18

What is a major reason for Nokia to lose its competitive edge in the cell phone business?

Accepted Answer

A)  The team consisted of scientists from around the world. 
B)  The team consisted of only Finnish scientists. 
C)  All of the work required diverse skill sets. 
D)  Each scientist worked alone, separate from colleagues.

Question 19

According to the text,intellectual capital is the difference between the market value and the book value of a firm.Intellectual capital can be increased by ________________.

Accepted Answer

A)  increasing retention of below average workers 
B)  decreasing labor costs 
C)  attracting and retaining knowledgeable workers 
D)  increasing the turnover of employees

Question 20

Address some of the potential limitations (or downsides)of social capital.

Accepted Answer

The answer of Address some of the potential limitations (or...

Exam 4: Recognizing a Firms Intellectual Assets: Moving Beyond a Firms Tangibleresources

What are some of the key tradeoffs between closure and bridging relationships in social network theory? What are some implications for career success?

Social network analysis can be used to help identify groups or clusters of individuals that comprise the network,individuals who link the clusters,and other network members.

Technical skills are a necessary and sufficient condition for hiring an employee.

Knowledge workers are more loyal to their companies than traditional workers.

Many companies use referrals by current employees as a source for new hiring and even monetarily reward them because __________________.

Firms must compete for top talent.When attracting and selecting employees,firms must strive to select the best fit for both the employee and the firm.In an effort to reduce wasted time and effort in interviewing too many candidates while assuring a good candidate pool,a firm should ____.

Advantages of effective social networks for career success include all of the following EXCEPT _____.

Closure,in contrast to bridging relationships,stresses the importance of ties connecting heterogeneous people.

Creativity and problem solving ability are considered to be part of ____________.

Explain why going green might help to attract good talent.Give an example of an organization that has had positive talent acquisition and retention as a result of going green.

Explicit knowledge is generally known to everyone in the firm and is not a critical concern of management.

Maintaining a competitive workforce is very challenging in the current economy.The role of evaluating human capital,in recent years,has _____.

The workforce in the United States will become increasingly diverse over the next few decades.What strategies should firms undergo to take full advantage of this emerging trend?

Managing a knowledge intensive workforce is very challenging.The best way for a firm to manage its workforce is to __________.

All of the following are the benefits of diversity in the workforce of a firm except:

Discuss how technology has impacted the attraction,training,and retention of professionals.How has technology helped firms to enhance their human capital and social capital?

What is a major reason for Nokia to lose its competitive edge in the cell phone business?

According to the text,intellectual capital is the difference between the market value and the book value of a firm.Intellectual capital can be increased by ________________.

Address some of the potential limitations (or downsides)of social capital.