SHRM LSBU Ch2

SHRM LSBU Ch2

University

20 Qs

quiz-placeholder

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Chapter 3: Strategic Initiatives for implementing CA

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SHRM LSBU Ch2

SHRM LSBU Ch2

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Kevin Kertechian

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The goal of _________ in an organization is to deploy and allocate resources in a way that it provides the company with a competitive advantage.

strategic management

human resources

operational efficiency

total quality management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buttons Incorporated is evaluating its resources so that it can compete with other companies. They have evaluated their plant, equipment, and geographic location. What other physical resource do they need to evaluate to complete this scan?

workforce diversity

technology

financial capital

supply chain

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cakes Galore, a new bakery in town, is attempting to maximize profits but knows the company cannot charge too much for its cakes and pastries in this market. As the company explores locations, the owner notes rent, property taxes, and parking. These are examples of _________ costs.

variable

marginal

fixed

operational

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Washington Corporation, a traditional auto parts manufacturer with a current workforce of more than 70,000 employees, has a retired workforce of over 50,000 employees to which it must continue to pay generous retirement benefits. This has put the company at a severe competitive disadvantage against other companies that do not have this obligation. The retired individuals for this company are an example of a _________ workforce.

contingent

contract-based

unionized

legacy

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sandra retired from a large, multinational paper company last year. She receives health care benefits as well as a pension from the company. At present, Sandra falls under the category of a

temporary workforce

legacy workforce

independent contractor

active employee

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Marius has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and action sequences the company should take to offset competitive challenges. Marius will be implementing

operational planning

human resources management

financial forecasting

strategic management

tactical planning

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When an organization develops integrated manufacturing systems such as advanced manufacturing technology and just-in-time inventory control, it needs to assess the employee skills required to run these systems and train them accordingly. These assessments and training programs intended to enable an organization to achieve its goals fall under

strategic human resource management

workforce planning

financial resource allocation

supply chain coordination

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