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WorksheetsPHR Prep - UNIT 1 - Business Management & Strategy
Total questions: 55
Worksheet time: 28mins
A measure that precedes, anticipates, or predicts future performance.
Lagging indicator
Predictive indicator
Leading Indicator
Performance indicator
An analysis that examines the political, economic, social, and technological factors in an organization's environment.
Competitor Analysis
Regression Analysis
SWOT Analysis
PEST Analysis
The foundation beliefs that impact how people think about and respond to organizational events, but which are mostly subconscious.
Shared Assumptions
Shared Norms
Code of Ethics
Organizational Culture
The authority to make decisions and to direct the performance of subordinates in production, sales, or finance-related activities.
Functional Authority
Line Authority
Centralized Authority
Ultimate Authority
The process of collecting HR metrics and presenting them to managers in a useful format. Sometimes referred to as an HR scorecard.
HR Metrics
HR Scorecard
HR Dashboard
HR Competencies
An organization which has strategic corporate units in multiple countries that interact both with the headquarters and with each other.
Global Firm
Global Organization
Global Unit
Global Corporation
A human resource manager who is required to understand all of the major personnel functions and how they interact with other business functions.
Human Resource Manager
Human Resource Specialist
Human Resource Administrator
Human Resource Generalist
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.
Control Role
Service Role
Advisory (or Counseling) Role
Change Agent Role
A plan that describes expected income and expenses over a period of time.
Cash Flow Statement
Business Plan
Budget
Balance Sheet
Persons who are not employed but who are available for work.
Unemployed
Temporary Workers
Workforce
Labor Pool
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.
Discretionary Control
Autonomy
Span of Control
Centralized Authority
A report of a company's income, expenses, and profits over a certain period of time.
Balance Sheet
Cash Flow Statement
Outlay Costs
Income Statement
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.
Cash Flow Statement
Balance Sheet
Income Statement
Outlay Costs
An examination of demographic and social forces influencing the long-term composition of the labor force and the future availability of employees.
Environmental Scanning
Environmental Uncertainty
External Adaptation
Field Survey
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.
Field Labor Survey (FLS)
Current Population Survey (CPS)
Labor Force Survey (LFS)
Bureau of Labor Statistics (BLS)
Providing the conditions that stimulate followers to act in a committed, concerned and involved way in doing their work.
Effectiveness
Emotional Intelligence (EI)
Efficiency
Empowerment
A strategy of bringing outside people into the organization and making them feel obligated to contribute because of their organizational involvement.
Cooperation
Cooperative Strategy
Cooptation
Contributory Strategy
A popular approach to strategy development which involves analyzing strengths, weaknesses, opportunities, and threats.
Hawthorne Effect
SWOT method
Unobtrusive Measures
Transactional Leadership
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.
Conflict of Interest
Change Agent Role
Employment Exchange
Internal Integration
When an organization relocates one or more of its processes to another country, usually to save on costs.
Global Outsourcing
Outsourcing
Global Firm
Off-shoring
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.
Solomon Four-Group Design
Four Forces Model of Competition
Hawthorne Effect
Simple Random Sample
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.
Hawthorn Effect
Professional Employer Organization (PEO)
Sarbanes-Oxley Act (SOX)
Matrix Structure
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.
HR Scorecard
HR Metrics
Balanced Scorecard
HR Dashboard
A set of rules that identifies the values that members of the organization, and especially its leaders, consider to be important.
Corporate Governance
Cultural Values
Human Resource Value
Code of Ethics
A human resource accounting measure that represents the costs of recruiting, selecting, and training the present employees.
Outlay Cost
Human Resource Accounting
HR Metrics
Core Competency
An employee who is assigned to work in foreign country.
Local National
Global National
Virtual Expatriate
Expatriate
An evaluation of how well the human resources department is performing its responsibilities and objectives.
Human Resource Scorecard
Human Resource Audit
Human Resource Accounting
Human Resource Value
The systems by which an organization is administered, directed and controlled.
Corporate Governance
Core Competency
Code of Ethics
Cultural Values
A style of leadership that focuses on accomplishing work by relying on contingent rewards, task instructions, and corrective actions.
Traditional Leadership
Transformational Leadership
Transactional Leadership
Task-Focused Leadership
The quality of a measurement, referring to its ability to actually measure or predict what it intends to measure or predict.
Validity
Reliability
Effectiveness
Efficiency
The role of HR managers when they supervise or guide an organizational development intervention.
Change Agent Role
Advisory Role
Control Role
Counseling Role
An organizational structure where jobs are assigned to units or departments by function.
Product Departmentalization
Functional Departmentalization
Unit Departmentalization
Functional Organization
(Separation Costs + Replacement Costs + Training Costs + Lost Performance) / Number of Replacements
Turnover Rate
Training Investment Factor
Human Capital ROI
Turnover Costs per Employee
Explains a company's reason for existence.
Mission Statement
Vision Statement
Purpose Statement
Value Statement
What is the 1st step in the Human Resource Audit Process?
Develop the audit questionnaire and collect the data
Provide feedback and evaluation
Develop an action plan
Define the responsibilities of the human resource department
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.
Employment Exchange
Internal Integration
Inducements-Contributions Balance
Competitive Advantage
The social values that are shared among the members of an organization and tend to regulate their individual behaviors and induce collective conformity.
Shared Norms
Cultural Values
Code of Ethics
Cultural Artifacts
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.
Field Experiment
Laboratory Experiment
Field Survey
Hawthorne Effect
Companies that contract with employers to manage human resource functions and employer liability by contractually assuming employer rights and responsibilities.
Third-Country National (TCN)
Multinational Enterprise (MNE)
Global Firm
Professional Employer Organization (PEO)
Specific indicators that are used to measure progress or achievement.
HR Scorecard
HR Metrics
HR Dashboard
HR Accounting
To make organizations more effective, the mission and strategy must be aligned with four organizational characteristics: structure, systems, culture, and __________ ?
Procedures
Production
Processes
Planning
Which of the following is not a common component found in most business plans?
A description of the HR team
A budget and a financial analysis showing both resources and needs
A description of the company's products and services
An executive summary
Measures the results of a process or a change such as sales, profits, and customer service levels.
Predictive indicator
Post Indicator
Leading Indicator
Lagging Indicator
The number of subordinates assigned to a supervisor.
Staff Authority
Centralized Authority
Span of Control
Division of Labor
Unique skills or resources that give an organization a competitive edge.
Core Competency
Competitive Advantage
Competitor Analysis
Centralized Authority
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.
Focus
Prospector
Reactor
Analyzer
Which business strategy am I? Involves innovation, risk taking, seeking new opportunities and growth.
Cost Leadership
Prospector
Defender
Differentiation
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.
Analyzer
Differentiation
Focus
Reactor
Which business strategy am I? Concerned with stability and possible retrenchment. Seeks to retain current customers without having to innovate or grow.
Reactor
Differentiation
Defender
Prospector
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.
Focus
Cost of Leadership
Analyzer
Reactor
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.
Focus
Differentiation
Analyzer
Prospector
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).
Focus
Differentiation
Analyzer
Prospector
The consistency or repeatability of measurement.
Efficiency
Validity
Effectiveness
Reliability
A sampling method that involves placing all employees in the sample population and drawing the sample at random.
Field Experiment
Stratified Random Sample
Simple Random Sample
Field Survey
The practice of contracting with outside specialists to perform selected human resource functions.
Off-shoring
Contracting
Consulting
Outsourcing
