Business Management and Strategy Quiz

 Which of the following roles generally focuses on a single functional area such as staffing, payroll, or compensation and has a deep level of knowledge in that particular area?

In order to redefine company goals after an acquisition, HR has been asked to create a future thinking set of ideals for the company.  What is a useful document that HR could start writing to accomplish this?

Which of the following 7 HR Functions does NOT need to be aligned to the strategic planning process of the organization?

 Which of the 3 original HR roles had to deal with evaluating supervisory & employee performance, comparing the return on investment, and establishing policies & procedures?

Which of the following statements is NOT true?

The Human Resources main function is to?

Which of the following terms is to understand not only the organization’s business but also the environment around them such as who are their competitors and what are the trends and events that could influence the organization’s success or failure?

Technology can become obsolete quickly, therefore HR must balance the need to use technology to compete in an industry with what factor?

 Joi, a floor manager at a mid-size manufacturing plant, is concerned primarily with the happiness and productivity of her employees and often seen working along-side people to get the work completed.  Which of the following best describes Joi’s management style?

Which term is the residual interest in the assets of the entity after deducting all its liabilities?

What is NOT a standard accounting report that HR professionals should be able to read and interpret?

The human resource professional’s role in employee branding is to?

Which budget method applies the average cost to comparable expenses and a specific cost application is applied to calculate funding?

 The reason we use financial statements such as balance sheets, cash flow statements, and income reports is to?

 Which of the following statements are true?

Which of the following can be a reason why a company resists creating a strategic plan?

The CEO and the HR Director, of a large shipping company, decided to put a strategic plan into place.  What will be a benefit from this action?

 After the leadership conference, the executives decided to change their strategy to one where they can sell their unique product to more of a narrow market.  Which style of strategy are they changing to?

 Which term is a strategic concept showing the relationship between companies and represents the internal activities a firm engages in when transforming inputs to outputs?

The director of HR requested one of the employees to perform an environmental scanning so they can monitor the company’s salaries and see if they are still competitive.  Which of the following strategic phase would the employee be in?

Stephan, the HR Generalist, wants to be invited to the executive meeting next month.  Which of the following should he NOT be doing until then?

While managing a project it involves numerous responsibilities.  Which of the following are the main project manager roles?

A proactive method HR leaders can use to identify employees for future advancement based on their actual performance and their potential as a leader is called?

JoJo, the project manager of a large car company, uses two specific project manager tools.  Which one of the following would she be using?

Croaky, a small western company, just ran reports that show there is labor surplus due to high labor costs and low sales.  What are two possible outcomes that HR must help make a decisions on?

Which primary Human Resource metric can help you find how many days it takes to fulfill a job requisition and how effective the recruiting department is?

 Which one of the sectors of the balance scorecard refers to a key performance indicator on human capital?

Shellie is about to give an presentation on how the business can share the risk with another company, can use outside experts for economies of scale, and how the business can reduce and control operating costs.  What is Shellie’s presentation about?

The company wants to start providing feedback to employees about how well or poorly they are doing to create plans for their development.  Management should conduct which activity?

 What does ATS stand for?

 Which of the following term is the use of a specific software application or package for each feature or requirement where you have to deal with different vendors?

Which of the following is NOT a demographic factor that impact the labor force for organizations?

 What are the five forces Michael Porter identifies as common in all industries that are competing for advantage?

 What term is used when hearings are completed and the subcommittees want to make changes to a bill before it enters the full committee?

 Which of the following can be a President’s option when receiving a bill?

If the President veto’s a bill the Congress may attempt to override the veto with?

Which strategy expresses a common characteristic where companies offer a unique range of services, from education to personal help, so their customer base can get the most out of their products?

 Which horizontal bar chart shows how a project starts and finishes while involving time tasks and/or events?

Which statement communicated how an organization is going to fulfill their goals?

Human resources today has evolved into three new expanded roles, which include?

Which of the following strategies are used by companies for the purpose of expanding their operations and often aims at an increase of their long-term profitability?

After a Training Program has been implemented and is in the last phase of the ADDIE model, how can the HR Director best support the goals of the Manager of Training?

Which of the following is NOT true about a vision statement

There are usually 3 different ways to create a departmentalization for an organization.  Which one improves communication, increases employee professionalism, and blends technical and marketing departments?

Employees are capable of creating direction of their own careers, with managers assisting and coaching for those who are ambitious.  A management approach in which employees are included in the decision making of their careers is called?

Which term refers to a line of authority within an organization and is growing less distinct in many organization’s today?

 Which is NOT true about organizational culture?

When talking about cultural theories, which theorist explains high-context culture versus low-context culture?

Fred, the manager of Tastee Bagels, decided to change one of his high potential employees schedule, instead of writing him up, since he has a habit of being 15 minutes late.  Which type of leadership theory is Fred using?

Which term is a situation where a person has a responsibility to act in the best interest of a company where may receive direct benefit from his or her actions at the expense of  or to the detriment of the company?

Sarah, the CEO of a bakery in a foreign market, decided not to influence or pay money to the city’s law makers to get her permits early, since it was illegal.  Which act makes this illegal?

Which of the following is NOT a provision of the Sarbanes-Oxley Act of 2002?

Which of the following terms is when investors buy and sell shares of a company based on non-public information?

Ethical issues in HR raise fundamental questions about fairness, justice, truthfulness, and social responsibility.  On a strategic level, HR should NOT play in a role of which of the following?

Community responsibility is a company’s long-term investment in a cause that does measurable good in society, while enhancing the company’s reputation.  Which of the following is NOT a part of the CSR maturity curve?

Which is NOT a part of the CSR strategic process?

Why is a positive employer brand so critical an organization’s competitive advantage?

Using data already gathered by others and reported in various sources is known as?

Which measure of central tendency means the middle point above and below which 50% of the score lies?

Monet, an HR specialist of a Eastern Global company, has a presentation due next week in front of the CEO of the organization.  Which graph should she use to help visualize her data using a technique which magnifies different values in colors and hues?