Ch3 Flashcards
(57 cards)
-
What is the primary role of Human Resource Management (HRM) in strategic planning today?
- a) Conducting interviews
- b) Handling payroll
- c) Showing HR’s impact on business performance
- d) Resolving conflicts
- e) Managing office supplies
c) Showing HR’s impact on business performance
-
Which of the following best describes a “strategy” in the context of HRM?
- a) A plan for hiring employees
- b) A course of action an organization intends to pursue to achieve its strategic aims
- c) An annual budget plan
- d) A method of conflict resolution
- e) A routine procedure for employee training
b) A course of action an organization intends to pursue to achieve its strategic aims
-
The process of identifying and executing the organization’s mission by matching its capabilities with environmental demands is known as:
- a) Operational management
- b) Strategic planning
- c) Tactical management
- d) Strategic management
- e) Performance evaluation
d) Strategic management
-
Which of the following is not part of the basic strategic planning process?
- a) Evaluating the firm
- b) Deciding on strategic goals
- c) Implementing selected strategies
- d) Ensuring compliance with tax laws
- e) Formulating a new business direction
d) Ensuring compliance with tax laws
-
A SWOT analysis is used to assess:
- a) Human resources only
- b) Financial resources
- c) Strengths, weaknesses, opportunities, and threats
- d) Competitors’ salaries
- e) Legal compliance
c) Strengths, weaknesses, opportunities, and threats
-
Which of the following is an example of a corporate-level strategy?
- a) Cost leadership
- b) Differentiation
- c) Concentration
- d) Employee training
- e) Customer service
c) Concentration
-
What type of strategy involves creating value by offering products or services at the lowest cost?
- a) Differentiation
- b) Focus
- c) Diversification
- d) Cost leadership
- e) Vertical integration
d) Cost leadership
-
Which tool summarizes the chain of activities that contribute to a company’s success, showing how employees’ performance contributes to overall strategic goals?
- a) SWOT analysis
- b) Digital dashboard
- c) Strategy map
- d) PESTLE analysis
- e) HR audit
c) Strategy map
-
The HR scorecard is a method for:
- a) Managing employee complaints
- b) Assigning financial and nonfinancial goals to HR activities
- c) Conducting interviews
- d) Keeping track of payroll expenses
- e) Maintaining employee attendance records
b) Assigning financial and nonfinancial goals to HR activities
-
A digital dashboard in HRM provides:
- a) An electronic calendar for employees
- b) A detailed report on company expenses
- c) Graphs and charts to show the company’s progress in terms of strategy implementation
- d) A list of employee birthdays
- e) An online training platform
c) Graphs and charts to show the company’s progress in terms of strategy implementation
-
Which of the following best describes evidence-based HR?
- a) Relying on HR professionals’ intuition
- b) Making decisions based on case studies and data
- c) Hiring more employees
- d) Offering employee incentives
- e) Conducting annual surveys
b) Making decisions based on case studies and data
-
Which of the following best describes evidence-based HR?
- a) Relying on HR professionals’ intuition
- b) Making decisions based on case studies and data
- c) Hiring more employees
- d) Offering employee incentives
- e) Conducting annual surveys
c) Emphasis on self-management
-
Which metric measures the efficiency of the HR department in terms of employee performance and productivity?
- a) HR-to-staff ratio
- b) Revenue per employee
- c) Recruitment budget
- d) Employee attendance
- e) Number of interviews conducted
b) Revenue per employee
-
Which type of HR audit reviews compliance with federal, state, and local employment-related legislation?
- a) Training audit
- b) Compensation audit
- c) Compliance audit
- d) Safety audit
- e) Financial audit
c) Compliance audit
-
Which of the following is a characteristic of a high-performance company compared to a low-performance company?
- a) Fewer hours of training for new employees
- b) A smaller number of qualified applicants per position
- c) Higher percentage of employees receiving a regular performance appraisal
- d) Less financial information sharing with employees
- e) Lower use of self-directed teams
c) Higher percentage of employees receiving a regular performance appraisal
Which of the following is NOT one of the five steps of the basic management planning process?
A.
Implement the plan
B.
Set a goal
C.
Make forecasts
D.
Develop alternatives
E.
Hire employees
`e. hire employees
What are the broad formal guidelines laying out how employees should act?
A.
Goals
B.
Audits
C.
Policies
D.
Plans
E.
Procedures
C) Policies
Elaborate Enterprises states in its employee handbook that “Any employee who is hurt on the job must immediately report the incident to his or her supervisor, or to a supervisor who is at work at the time the incident occurs.” This is an example of a(n) ________.
A.
outcome
B.
procedure
C.
mission statement
D.
strategic plan
E.
business model
B) Procedure
The management planning process includes all the following steps EXCEPT for _________.
A.
choosing an alternative
B.
implementing the plan
C.
setting a goal
D.
making a forecast
E.
publicizing the plan
E) Publicizing the plan
What question does a manager ask during the strategic management process to review the economic, competitive, and political trends that may affect the company?
A.
What is the strategy and course of action?
B.
Are we in the right business?
C.
Where are we now?
D.
How do we determine the new business direction?
E.
How do we execute the strategy?
C) Where are we now?
Jiffy Delivery promotes itself as a company that guarantees on-time delivery. Which competitive strategy is Jiffy Delivery using?
Question content area bottom
A.
Production
B.
Formal
C.
Differentiation
D.
Cost leadership
E.
Strategic
Amazing Industries is a new company that has decided to offer only one product line. The company is following the _______ strategy.
A.
consolidation
B.
vertical integration
C.
geographic expansion
D.
concentration
E.
diversification
A company that provides a product that its customers can’t get anywhere else is employing which competitive strategy?
A.
Cost leadership
B.
Differentiation
C.
Corporate-level
D.
Functional
E.
Focuser
Terrific Technologies, Inc. is completing an environmental scan. It is at what step in the strategic management process?
A.
Determining the new business direction
B.
Formulating the strategy and course of action
C.
Asking, “Where are we now?”
D.
Performing an analysis of strengths, weaknesses, opportunities, and threats (SWOT)
E. Executing the strategy