11BUS Unit 3 Topic 1 Review

Which of the following is NOT true for the maturity stage?

• Challenge of changing environmental factors

• Challenge of emerging technologies and innovations

• Challenge of increasing competition

• Business is no longer growing

• Longest stage that a business will experience

Which of the following are strategies management may use within the maintenance stage of the employment cycle?

• On the job training

• Employee recognition and celebration

• Performance management including feedback

• Benefits such as reimbursement for study costs

• Career planning & clear progression pathways

Free trade agreements and reduced tariffs are an example of which macro factor?

• Political

• Legal

• Sociocultural

• Environmental

• Ethical

Increasing percentages of minority groups employed within a workplace over a 10-year period would be considered a ______________

• Strength

• Weakness

• Opportunity

• Threat

• None of the above

Depreciation of the Australian dollar making Australian products more affordable overseas is an example of which macro factor affecting globalisation?

• Political

• Economic

• Legal

• Technological

• Sociocultural

Which of the following would be considered 'strategies' for entering a new market?

• Niche market

• Exporting

• International agents & distributors

• Overseas manufacturing

• Innovation

Which of the following could be considered weaknesses for a business in relation to HR and competitiveness?

• Under-representation of women in workplace

• Lack of formal policy around workplace inclusion

• Use of inclusive language in the workplace

• Over-representation of leaders undertaking inclusivity training

• Over-representation of men taking parental leave

A shortage of qualified workers would be considered a _____________ to the HR function of a business

• threat

• weakness

• opportunity

• strength

Which of the following would be opportunities for a business to make its HR department more competitive?

• Investing in wellness programs

• Increasing focus on mental health in the workplace

• Implementing maintenance strategies such as paid leave periods

• Formal recognition of organisation such as Employer of Choice awards

• Informal recognition of employees within the workplace

Which of the following is NOT a reason why a business would expand into an emerging market?

• Obtain large market share before competitors arrive

• access customers with growing disposable income

• build a brand as prestigious or scarce

• avoid imitation through strong intellectual property enforcement

• access capital and resources currently untapped in the market