QUESTION 1 Maria is excited to meet with her supervisor and go over her year-end review. She has heard that there can be an increase in pay for high performance. Companies do tie pay to performance. True False 2 points QUESTION 2 The _________ process helps a firm to identify job applicants with the necessary knowledge, skills, abilities, and other characteristics to help the firm achieve its goals. appraisal selection performance management training differentiation 2 points QUESTION 3 Employees in companies with a differentiation strategy need to be highly creative and be risk takers. True False 2 points QUESTION 4 Rovers & Steinfeld is a consulting firm that has recognized that many organizations across a variety of industries need to reexamine their operating environments. This is an example of a(n) job model. internal analysis. external analysis. value chain analysis. job analysis. 2 points QUESTION 5 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 the HRM function competitive analysis controlling systems cost analysis 2 points QUESTION 6 At least annually, companies evaluate employees based on their activities and outcomes aligned with the organization’s objectives. This then leads to discussions of future individual goals and professional development opportunities. This practice demonstrates that a company has a practice of divestment. differentiation. performance management. job enlargement. realistic job preview. 2 points QUESTION 7 Taher, an employee with Wilco Plumbing, has been transferred to a different division within the company. To facilitate a smooth transition, the company has initiated a program for Taher that will provide him with the knowledge and skills required to perform the new role effectively. Which of the following human resource management practices did Wilco Plumbing perform? training job analysis performance management selection recruitment 2 points QUESTION 8 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 management. transactional management. management by objectives. process mapping. strategic management. 2 points QUESTION 9 US Power Incorporated a major provider of electricity, aims to achieve 100 percent compliance during the next three years’ compliance inspections to avoid citations and fines. This is an example of a goal. mission. strategy. vision. value. 2 points QUESTION 10 Strategic planning groups decide on a strategic direction during the _________ phase. strategy formulation strategy implementation administrative linkage strategic analysis market development 2 points QUESTION 11 Senior management at a financial services company that is struggling with declining sales, market share, and profits, is going to pursue a downsizing strategy in an attempt to make the company more competitive. Which of the following issues does management need to be aware of as it pursues this strategy? It becomes difficult to change an organization's culture after downsizing. It fails to force employees to cooperate with management after downsizing. It restricts organizations from developing new and positive relationships. It is difficult to boost the morale of employees who remain after downsizing. It is not an effective strategy if an organization wants to make way for fresh ideas. 2 points QUESTION 12 Strategies focusing on market development, product development, innovation, or joint ventures make up the _________ strategy of an organization. retrenchment internal growth divestment liquidation benchmarking 2 points QUESTION 13 _________ is a planned effort to facilitate the learning of job-related knowledge, skills, and behavior by employees. Internal growth Performance evaluation Concentration Job design Training 2 points QUESTION 14 You have been hired as a consultant by senior management at a large financial services company. Management has worked through the strategic management process in terms of formulating its strategies. As the company works into the strategic implementation stage of the strategic management process, what would you recommend to management in terms of an appropriate action? Decide on a strategic direction. Define the organization’s mission and goals. Establish external opportunities and threats. Ensure that the company has skilled employees in place. Determine the internal strengths and weaknesses of the company. 2 points QUESTION 15 Javier, an HR manager at a technology firm, is entrusted with the task of hiring a member for a new team. He has already received information about what the new role will entail as well as the tasks that the new employee will be performing. He is currently using several media to seek applicants for the role. Which of the following human resource management (HRM) practices is Javier performing? job designing recruitment performance management training job analysis 2 points QUESTION 16 Standard & Cramer is planning to downsize. Management sees a positive outcome being the opportunity to change the company’s culture. True False 2 points QUESTION 17 Using websites like Indeed.com, Monster.com, and LinkedIn, a company can begin selection. recruitment. training. development. appraisal. 2 points QUESTION 18 Strategic choice describes the way an organization attempts to fulfill its mission and achieve its long-term goals. True False 2 points QUESTION 19 Which of the following is an example of a fixed cost? raw materials utilities operating cost direct labor costs packaging costs 2 points QUESTION 20 A struggling pharmaceutical company is pursuing a downsizing strategy to reduce costs and to become more lean and agile. The company developed a compensation program that tied an individual's compensation to the company's success in terms of key business results. This was an effective action for management to take in this situation. True False 2 points QUESTION 21 Bebor Financial offers a high level of pay relative to that of competitors. This can ensure that the company's overall labor costs are low. employees are highly satisfied with the work. the organization is always in the growth stage. organizational productivity is satisfactory. the company attracts high-quality employees. 2 points QUESTION 22 Companies attempting to integrate vertically or horizontally or to diversify exhibit a(n) _________ strategy. external growth divestment concentration liquidation internal growth 2 points QUESTION 23 _________, goals, external analysis, internal analysis, and strategic choices are the five major components of the strategy formulation process. Recruitment Mission Orientation Job designing Job engagement 2 points QUESTION 24 The Octagon Corporation, an electric vehicle manufacturer, recently conducted a review of its operations and performance to determine where it has been performing well and where it needs to improve in the future. This is an example of a(n) job analysis. internal analysis. job characteristics model. competitor analysis. job modeling. 2 points QUESTION 25 Juanita Lopez, the HR manager, spends her workday by checking her email, completing paperwork, attending meetings with other HR staff, and responding to voicemail messages. These activities are most strongly associated with a(n) _________ linkage. administrative one-way two-way integrative executive