QUIZ BOWL (AVERAGE ROUND)

These are all strategic activities involved in HRM, except which one?

• Employee engagement

• Workforce planning

• Inventory management

• Recruitment and selection

Comparative advantage is based on what?

• Dollar price

• Labor cost

• Capitol cost

• Opportunity cost

A good ______ enables a firm to achieve superior performance relative to its competitors.

• Mission

• Vision

• Strategy

• Value

Which of these external influences is most likely to affect HRM in a manufacturing firm?

• Financial constraints imposed by poor cash flow

• Introduction of new technology at the firm

• Government directives on services industries

• Changes in environmental legislation

If demand is price inelastic, then…

• buyers do not respond much to a change in price

• buyers respond substantially to a change in price, but the response is very slow

• buyers do not respond much to advertising, fads or general changes in tastes

• the demand curve is very flat

John is a Filipino citizen who spent a great deal of time during his childhood in England. He now works in Brazil as an HR manager for a British company. John is best described as a(n)_____?

• Expatriate

• Third-country national

• Home-country national

• Host-country national

In a market economy

• demand determines supply and supply, in turn, determines prices

• supply determines demand and demand, in turn, determines prices

• supply and demand determine prices and prices, in turn, allocate the economy’s scarce resources

• the allocation of scarce resources determines prices and prices, in turn, determine supply and demand

Below are the characteristics of Mission Statement EXCEPT

• define what the organization is what the organization aspires to be.

• inspire and uplift everyone involved in the effort.

• serve as a framework for evaluating both current and prospective activities.

• be clear and widely understood throughout the organization.

Strategic human resource management aims to achieve competitive advantage in the market through

• Price

• Product

• People

• Process

A normal good can be defined as one which consumers purchase more of as

• Prices fall

• Prices rise

• Incomes fall

• Incomes increase

• The prices of other products increase