APHR Practice questions - Part I with 100% Correct Answers

APHR Practice questions - Part I Which best describes corporate social responsibility? a) Corporate social responsibility is a policy mandated by the government to coerce corporations to improve their communities b) Corporate social responsibility refers to the responsibility that corporations have toward shareholders c) Corporate social responsibility is an issue of ethics, pursued by corporations that see the health of their business as contingent upon the health of their community d) Corporate social responsibility refers to the social climate of the organization and the policies created to sustain the strength of that climate - Answer ️️ -c) Corporate social responsibility is an issue of ethics, pursued by corporations that see the health of their business as contingent upon the health of their community CSR can be evaluated on which three P's of the "triple bottom line"? a) People, prizes and proxy b) Planet, profit and projects c) People, profit and prizes d) People, planet and profit - Answer ️️ -d) People, planet and profit What's the purpose of a vision statement? - Answer ️️ -A vision statement is a succinct explanation of how an organization planes to deliver quality products/services In regards to corporate social responsibility, the most common way for a corporation to assimilate into a community includes all of the following EXCEPT? a) The most common way for a corporation to pursue social responsibility is to establish alliances with respected members of the community and outside organizations b) The most common way for a corporation to pursue social responsibility is to deliver inexpensive goods and services for the commoniunity c) The most common way for a corporation to pursue social responsibility is hiring as many locals as possible d) The most common way for a corporation to pursue social responsibility is by maximizing their profits despite any consequences to the surrounding environment - Answer ️️ -d) The most common way for a corporation to pursue social responsibility is by maximizing their profits despite any consequences to the surrounding environment What's the primary purpose of organizational branding? I. The intent of organizational branding is letting customers know when they walk into a store. II. One purpose of organizational branding is to establish a distinctive image for customers to automatically recognize III. Organizational branding allows entities to create a perception of the values and ethics for which it stands IV. Organizational branding focuses on promoting the benefits of the company in order to appeal to a target audience a) I,II and IV only b) I,III, and IV only c) II and III only d) I,II and III only - Answer ️️ -d) I,II and III only What is the main purpose of a cost-benefit analysis? - Answer ️️ -When evaluating a policy or program, a cost-benefit analysis empirically tests it efficacy to ensure that resources aren't squandered What are business metrics? - Answer ️️ -Business metrics are quantifiable measures that describe the productive capacity of a policy, program or product All of the following are part of the core meaning of competitive advantage EXCEPT? a) A competitive advantage is the practice of constantly attempting to increase market share by exploiting advantages b) By constantly developing a labor force and technology, competitive advantage is pursued by al corporations in order to edge out competitors in the market c) It's mandatory that organizations pursue policies of competitive advantage because they all want to maximize output and increase market share d) Competitive advantage is a type of benefit that customers believe they could not get anywhere else - Answer ️️ -d) Competitive advantage is a type of benefit that customers believe they could not get anywhere e