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PHR Prep - UNIT 1 - Business Management & Strategy

Total questions: 55

Worksheet time: 28mins

Name
Class
Date
1.

A measure that precedes, anticipates, or predicts future performance.

a)

Lagging indicator

b)

Predictive indicator

c)

Leading Indicator

d)

Performance indicator

2.

An analysis that examines the political, economic, social, and technological factors in an organization's environment.

a)

Competitor Analysis

b)

Regression Analysis

c)

SWOT Analysis

d)

PEST Analysis

3.

The foundation beliefs that impact how people think about and respond to organizational events, but which are mostly subconscious.

a)

Shared Assumptions

b)

Shared Norms

c)

Code of Ethics

d)

Organizational Culture

4.

The authority to make decisions and to direct the performance of subordinates in production, sales, or finance-related activities.

a)

Functional Authority

b)

Line Authority

c)

Centralized Authority

d)

Ultimate Authority

5.

The process of collecting HR metrics and presenting them to managers in a useful format. Sometimes referred to as an HR scorecard.

a)

HR Metrics

b)

HR Scorecard

c)

HR Dashboard

d)

HR Competencies

6.

An organization which has strategic corporate units in multiple countries that interact both with the headquarters and with each other.

a)

Global Firm

b)

Global Organization

c)

Global Unit

d)

Global Corporation

7.

A human resource manager who is required to understand all of the major personnel functions and how they interact with other business functions.

a)

Human Resource Manager

b)

Human Resource Specialist

c)

Human Resource Administrator

d)

Human Resource Generalist

8.

Exists when the relationship between the human resource department and the line managers is one of providing advice and counsel and when the authority for deciding what to do is shared.

a)

Control Role

b)

Service Role

c)

Advisory (or Counseling) Role

d)

Change Agent Role

9.

A plan that describes expected income and expenses over a period of time.

a)

Cash Flow Statement

b)

Business Plan

c)

Budget

d)

Balance Sheet

10.

Persons who are not employed but who are available for work.

a)

Unemployed

b)

Temporary Workers

c)

Workforce

d)

Labor Pool

11.

The degree to which workers are free from the direct influence of a supervisor and can exercise discretion in scheduling their work and in deciding how it will be done.

a)

Discretionary Control

b)

Autonomy

c)

Span of Control

d)

Centralized Authority

12.

A report of a company's income, expenses, and profits over a certain period of time.

a)

Balance Sheet

b)

Cash Flow Statement

c)

Outlay Costs

d)

Income Statement

13.

A statement of financial position that reports a company's assets, liabilities, and equity as of a specific point in time, such as the end of the company's fiscal year.

a)

Cash Flow Statement

b)

Balance Sheet

c)

Income Statement

d)

Outlay Costs

14.

An examination of demographic and social forces influencing the long-term composition of the labor force and the future availability of employees.

a)

Environmental Scanning

b)

Environmental Uncertainty

c)

External Adaptation

d)

Field Survey

15.

A survey of about 60,000 households that is conducted by the Bureau of Labor Statistics. Personal interviews are conducted monthly to determine participation in the workforce, unemployment, and reasons for not working or for only working part-time.

a)

Field Labor Survey (FLS)

b)

Current Population Survey (CPS)

c)

Labor Force Survey (LFS)

d)

Bureau of Labor Statistics (BLS)

16.

Providing the conditions that stimulate followers to act in a committed, concerned and involved way in doing their work.

a)

Effectiveness

b)

Emotional Intelligence (EI)

c)

Efficiency

d)

Empowerment

17.

A strategy of bringing outside people into the organization and making them feel obligated to contribute because of their organizational involvement.

a)

Cooperation

b)

Cooperative Strategy

c)

Cooptation

d)

Contributory Strategy

18.

A popular approach to strategy development which involves analyzing strengths, weaknesses, opportunities, and threats.

a)

Hawthorne Effect

b)

SWOT method

c)

Unobtrusive Measures

d)

Transactional Leadership

19.

A situation where a person who has a responsibility to act in the best interests of a company may receive direct personal benefit from his or her actions at the expense of or to the detriment of the company.

a)

Conflict of Interest

b)

Change Agent Role

c)

Employment Exchange

d)

Internal Integration

20.

When an organization relocates one or more of its processes to another country, usually to save on costs.

a)

Global Outsourcing

b)

Outsourcing

c)

Global Firm

d)

Off-shoring

21.

The most highly recommended experimental research design. Participants are randomly assigned to four groups; two groups are pretested; one of the pretested groups and one of the non-pretested groups participate in the experimental treatment, and all four groups are then measured.

a)

Solomon Four-Group Design

b)

Four Forces Model of Competition

c)

Hawthorne Effect

d)

Simple Random Sample

22.

This law requires publicly traded companies and their independent auditors to demonstrate that their numbers are accurate and that they have processes in place to ensure accurate reporting. Several sections of the law have important implications for human resource activities.

a)

Hawthorn Effect

b)

Professional Employer Organization (PEO)

c)

Sarbanes-Oxley Act (SOX)

d)

Matrix Structure

23.

The concept that there are three important stakeholders for every company - the stockholders, the customers, and the employees - and for a business to succeed in the long run it must satisfy the expectations of all three stakeholders.

a)

HR Scorecard

b)

HR Metrics

c)

Balanced Scorecard

d)

HR Dashboard

24.

A set of rules that identifies the values that members of the organization, and especially its leaders, consider to be important.

a)

Corporate Governance

b)

Cultural Values

c)

Human Resource Value

d)

Code of Ethics

25.

A human resource accounting measure that represents the costs of recruiting, selecting, and training the present employees.

a)

Outlay Cost

b)

Human Resource Accounting

c)

HR Metrics

d)

Core Competency

26.

An employee who is assigned to work in foreign country.

a)

Local National

b)

Global National

c)

Virtual Expatriate

d)

Expatriate

27.

An evaluation of how well the human resources department is performing its responsibilities and objectives.

a)

Human Resource Scorecard

b)

Human Resource Audit

c)

Human Resource Accounting

d)

Human Resource Value

28.

The systems by which an organization is administered, directed and controlled.

a)

Corporate Governance

b)

Core Competency

c)

Code of Ethics

d)

Cultural Values

29.

A style of leadership that focuses on accomplishing work by relying on contingent rewards, task instructions, and corrective actions.

a)

Traditional Leadership

b)

Transformational Leadership

c)

Transactional Leadership

d)

Task-Focused Leadership

30.

The quality of a measurement, referring to its ability to actually measure or predict what it intends to measure or predict.

a)

Validity

b)

Reliability

c)

Effectiveness

d)

Efficiency

31.

The role of HR managers when they supervise or guide an organizational development intervention.

a)

Change Agent Role

b)

Advisory Role

c)

Control Role

d)

Counseling Role

32.

An organizational structure where jobs are assigned to units or departments by function.

a)

Product Departmentalization

b)

Functional Departmentalization

c)

Unit Departmentalization

d)

Functional Organization

33.

(Separation Costs + Replacement Costs + Training Costs + Lost Performance) / Number of Replacements

a)

Turnover Rate

b)

Training Investment Factor

c)

Human Capital ROI

d)

Turnover Costs per Employee

34.

Explains a company's reason for existence.

a)

Mission Statement

b)

Vision Statement

c)

Purpose Statement

d)

Value Statement

35.

What is the 1st step in the Human Resource Audit Process?

a)

Develop the audit questionnaire and collect the data

b)

Provide feedback and evaluation

c)

Develop an action plan

d)

Define the responsibilities of the human resource department

36.

The balance achieved in an employment exchange where the rewards offered by an organization are roughly equivalent to the contributions that an employee is required to make.

a)

Employment Exchange

b)

Internal Integration

c)

Inducements-Contributions Balance

d)

Competitive Advantage

37.

The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity.

a)

Shared Norms

b)

Cultural Values

c)

Code of Ethics

d)

Cultural Artifacts

38.

A research study that occurs in a natural setting of an organization and where an independent variable is manipulated to determine its effects on dependent variables.

a)

Field Experiment

b)

Laboratory Experiment

c)

Field Survey

d)

Hawthorne Effect

39.

Companies that contract with employers to manage human resource functions and employer liability by contractually assuming employer rights and responsibilities.

a)

Third-Country National (TCN)

b)

Multinational Enterprise (MNE)

c)

Global Firm

d)

Professional Employer Organization (PEO)

40.

Specific indicators that are used to measure progress or achievement.

a)

HR Scorecard

b)

HR Metrics

c)

HR Dashboard

d)

HR Accounting

41.

To make organizations more effective, the mission and strategy must be aligned with four organizational characteristics: structure, systems, culture, and __________ ?

a)

Procedures

b)

Production

c)

Processes

d)

Planning

42.

Which of the following is not a common component found in most business plans?

a)

A description of the HR team

b)

A budget and a financial analysis showing both resources and needs

c)

A description of the company's products and services

d)

An executive summary

43.

Measures the results of a process or a change such as sales, profits, and customer service levels.

a)

Predictive indicator

b)

Post Indicator

c)

Leading Indicator

d)

Lagging Indicator

44.

The number of subordinates assigned to a supervisor.

a)

Staff Authority

b)

Centralized Authority

c)

Span of Control

d)

Division of Labor

45.

Unique skills or resources that give an organization a competitive edge.

a)

Core Competency

b)

Competitive Advantage

c)

Competitor Analysis

d)

Centralized Authority

46.

Which business strategy am I? Responds to the environment in an ad hoc fashion, takes whatever actions that appear to be the most expedient at the time.

a)

Focus

b)

Prospector

c)

Reactor

d)

Analyzer

47.

Which business strategy am I? Involves innovation, risk taking, seeking new opportunities and growth.

a)

Cost Leadership

b)

Prospector

c)

Defender

d)

Differentiation

48.

Which business strategy am I? Maintains a stable business while innovating on the periphery by attempting to balance efficient production of current products with creative development of new.

a)

Analyzer

b)

Differentiation

c)

Focus

d)

Reactor

49.

Which business strategy am I? Concerned with stability and possible retrenchment. Seeks to retain current customers without having to innovate or grow.

a)

Reactor

b)

Differentiation

c)

Defender

d)

Prospector

50.

Which business strategy am I? Selling your products and services at a lower cost usually achieved by technological innovations that improve efficiency or low cost labor.

a)

Focus

b)

Cost of Leadership

c)

Analyzer

d)

Reactor

51.

Which business strategy am I? Selects a defined segment of an industry and targets its strategy to serve them to the exclusion of others, AKA niche strategy.

a)

Focus

b)

Differentiation

c)

Analyzer

d)

Prospector

52.

Which business strategy am I? Providing unique products and services in ways that are widely valued by buyers (i.e. high quality, extraordinary service, innovative designs, etc).

a)

Focus

b)

Differentiation

c)

Analyzer

d)

Prospector

53.

The consistency or repeatability of measurement.

a)

Efficiency

b)

Validity

c)

Effectiveness

d)

Reliability

54.

A sampling method that involves placing all employees in the sample population and drawing the sample at random.

a)

Field Experiment

b)

Stratified Random Sample

c)

Simple Random Sample

d)

Field Survey

55.

The practice of contracting with outside specialists to perform selected human resource functions.

a)

Off-shoring

b)

Contracting

c)

Consulting

d)

Outsourcing