Projects backed by good ideas, vigor, and enthusiasm are less likely to be stopped by a shortage of cash than a heritage of human capital, which is the knowledge, education, training, skills and expertise of a firm’s workers. 4) In most organizations, human resource managers are categorized as who assist and advise compensation. A) staff managers; line managers in areas like recruiting, hiring, and B) line managers; middle managers C) line managers; staff managers D) functional managers; staff managers Answer: A Explanation: A) Human resource managers are usually staff managers. They assist and advise line managers in areas like recruiting hiring, and compensation. However, line managers still have human resource duties. Which of the following refers to the authority exerted by an HER manager as coordinator of personnel activities? A) staff authority B) line authority C) functional authority D) corporate authority Explanation: C) Functional authority refers to the authority exerted by an HER manager as coordinator of personnel activities. An HER manager ensures that line managers are implementing the firm’s HER policies and practices. Line authority is a managers right to issue orders to other managers or employees, which creates a superior-subordinate relationship. Staff authority refers to a manager’s right to advise other managers or employees, which rates an advisory relationship. ) functions involve assisting and advising line managers, and they are the central aspect of a human resource manager’s job. A) Staff B) Advocacy C) Line D) Coordinative Explanation: A) Staff functions involve assisting and advising line managers, and they are the heart of the human resource manager’s job. He or she advises the CEO so the CEO can better understand the personnel aspects of the company’s strategic options. HER also assists in hiring, training, evaluating, rewarding, counseling promoting, and firing employees. Line and coordinative functions are the other two primary duties of an HER manager. ) Which of the following human resource management specialties calls for collecting data to write job descriptions?
A) job analyst B) job training specialist C) compensation manager D) EYE coordinator Explanation: A) As a job analyst, a human resource manager collects and examines information about jobs to prepare job descriptions. HER managers also act as recruiters, EYE coordinators, compensation managers, training specialists, and labor relations specialists. 8) What term refers to the knowledge, skills, and abilities of a firm’s workers? A) human resources B) human capital C) intangible assets D) contingent personnel Explanation: B) Human capital is the knowledge, skills, and abilities of a firm’s workers. In the modern workforce, employment is shifting from manual workers to knowledge workers. 9) defines the nature of the company’s business in terms of the markets in which it will compete and the ways it will differentiate itself from its competitors.
A) Financial auditing B) Strategic planning C) Employee benchmarking D) Employee testing Explanation: B) Strategic planning defines the nature of the company’s business in terms of the markets in which it will compete and the ways it will differentiate itself from its competitors. It lays out the broad guidelines within which the company’s managers make decisions. 10) Strategic management is best defined as the process of identifying and executing the organization ‘s strategic plan by matching the company’s capabilities with its A) environmental demands B) competitive standards C) natural resources D) hierarchical JACOBS Explanation: A) Strategic management is the process of identifying and executing the organization ‘s strategic plan, by matching the company’s capabilities with the demands of Its environment.
Industry standards, resources, and corporate hierarchies are less relevant. 1) Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? A) workforce ARQ remnant matrix B) environmental scan worksheet C) external resource system table D) potential globalization network Explanation: B) Environmental scan worksheets are often used by managers when external and internal audits need to be performed as part of the strategic management process. An environmental scanning worksheet provides a simple format for compiling information about political, economic, and competitive trends that may affect a company. ) The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the A) BCC matrix B) SUM matrix C) SOOT chart D) PEPS/BIT table Explanation: C) The SOOT chart is a tool frequently used by managers who are responsible for performing external and internal audits. During the strategic management process, a SOOT chart is used to compile and organize a firm’s strengths, weaknesses, opportunities, and threats. 13) Which of the following provides a summary of a firm’s intended direction and shows, in broad terms, “what we want to become”? A) mission statement B) strategic plan C) vision statement D) marketing plan Explanation: C) A firm’s vision statement is a general statement about the intended direction of the firm and what the business should look like in the future. In contrast, a mission statement answers the question, “What business are we in? Managers use mission statements to address vertical integration, geographic coverage, product scope, and competitive advantage. 14) The sales director at WebMD is calculating annual sales revenue targets and the number of new medical-related content providers that the firm needs o maintain a competitive advantage. In which step of the strategic management process is the sales director involved? A) performing external and internal audits B) defining the business and its mission C) translating a mission into strategic goals D) evaluating strategic decisions Explanation: C) The sales director is in the process of translating the firm’s mission, which is to maintain a competitive advantage, into strategic goals, which in this case involve sales revenue targets.
This step is the sixth one in the strategic process, and It occurs after the manager makes a strategic choice. 5) Harley-Davidson sells a line of boots, helmets, and leather jackets indicating that the firm is pursuing which of the following strategies? A) conglomerate diversification B) geographic expansion C) related diversification D) horizontal integration Explanation: C) Related diversification means diversifying so that a firm’s lines of business still possess some kind of fit. Harley-Davidson sells apparel worn to ride the motorcycles the firm manufactures, so the firm is involved in related diversification. 16) When Apple opened its own Apple stores, this was an example of A) market penetration B) product development
C) vertical integration Explanation: C) Vertical integration is a Strategy that involves expansion through producing raw material or selling product directly. 17) The 2008 announcement by Struck that it would be closing approximately 600 of its stores suggests the firm was using a strategy A) consolidation B) diversification C) geographic expansion D) vertical integration Explanation: A) Struck is trying to reduce its size by eliminating some of its stores, so the firm is using a strategy of consolidation. Diversification and geographic expansion would involve expanding Struck with new products r opening stores in new locations rather than closing stores. 18) A company’s strategy identifies how to build and strengthen the business’s long-term competitive position in the marketplace.
A) functional B) corporate-level C) horizontal D) competitive Explanation: D) A business-level or competitive strategy identifies how to build and strengthen the business’s long-term competitive position in the marketplace. For example, the competitive strategy identifies how Pizza Hut will compete with Papa John’s or how Walter will compete with Target. 19) Companies like Ferreira are known as because they carve out a racket niche and compete by providing a product that customers can attain in no other way. A) cost leaders B) focuser C) visionaries D) market leaders Explanation: B) Focuser is a term used to describe firms that carve out market niches and compete by providing unique products or services.
Ferreira provides customers with a unique automobile that is not readily available anywhere else. 20) 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 A) strategic human resource management B) human resource performance systems C) high-performance personnel management D) personnel management by objectives Explanation: A) Strategic human resource management is the term for formulating and executing human resource policies and practices that produce the employee competencies and behaviors the company needs to achieve its strategic aims.
The idea behind strategic human resource management is to produce the employee Jacobs and behaviors that a company needs to achieve its strategic aims. 21) Human resource strategies are the strategic goals. A) visions and objectives B) policies and practices C) missions and goals D) theories and tools seed to support a firm’s Explanation: B) Human resource strategies are the policies and practices developed to support the employee competencies and behaviors that a firm needs to accomplish its strategic aims. For example, if a business strives to develop a reputation for being coordinateness, then its HER policies and practices would include training employees about how to show care and compassion towards customers. 22) What is the primary reason that mergers and acquisitions fail?
A) technology B) financing C) personnel D) stock prices Explanation: C) The most cited reason for failed mergers and acquisitions is response problems rather than financial or technical issues. Failure to prepare and train employees of both companies for a merger or acquisition may lead to employee resistance, and declining morale and productivity. 23) Which term refers to the integrated process of planning, recruiting, developing, managing, and compensating employees? A) job analysis B) HER alignment C) strategic planning D) talent management Explanation: D) Talent management is the goal-oriented and integrated process of planning recruiting, developing, managing, and compensating employees.
Talent management means getting the right people (in terms of impenitence) in the right jobs, at the right time, doing their jobs correctly. 24) The information resulting from a job analysis is used for writing A) job descriptions B) Corporate objectives C) personnel question marries D) training requirements Explanation: A) A job description is a list of what a job entails, and it is derived from a job analysis. Job analysis is the procedure through which you determine the duties of job positions and the characteristics of the people that should be hired for the positions.