MGT 420 Exam 1 || CORRECTLY SOLVED.
What are the old and new roles for HRM? correct answers Old role is cost center and new
role is strategic partner
Why do personnel policies exist? correct answers Ti make decisions about how an
organization will carry out the functions of HRM
Why is HR important/valuable to organizations? correct answers High quality employees
provide a needed service as they perform many critical functions
How hoes HR create a competitive advantage for companies? correct answers From the
foundation of high-performance work system - an organization in which technology,
organizational structures, people, and processes work together seamlessly to give an
organization an advantage in the competitive environment
What does it mean for HR to be a "strategic partner" in an organization? correct answers
Contributing to the company's strategy through an understanding of its existing and needed
human resources and ways HR practices can give the company a competitive advantage. For
strategic ideas to be effective, HR people must understand the business, its industry, and its
competitors
What is the resource-based view of the firm? correct answers The value of resources depends
on financial, physical, and interpersonal factors
Who is responsible for HRM? correct answers Most organizations assign line managers the
responsibility of human resource functions. A franchise that stands on its own or a small
business will require the owner or general manager to be responsible for human resource
functions. Large organizations with 250 or more employees are required to have a separate
HR unit with a full-time manager and an assistant to handle all human resource
responsibilities
A research study showed that a one standard deviation improvement in HR policies was
associated with ___% decrease in turnover. correct answers 7%
TRUE OR FALSE To be an effective talent manager, HR needs to understand the structure of
the organization. correct answers True
What is "human capital"? correct answers An organization's employees, described in terms of
their training, experience, judgement, intelligence, relationships, and insight and that can add
economic value to the organization
IN the article, "Why we love to hate HR... and what HR can do about it," what does the
author argue are steps that HR can take to be effective (and stop the hate)? correct answers
See the agenda, focus on issues that matter in the here and now, acquire business knowledge,
highlight financial benefit, walk away from the time wasters
Who can perform a job analysis? correct answers In small organizations, line managers and
human resource professionals perform a job analysis. A large company may have
compensation management department, which would take care of job analysis
What are the old and new roles for HRM? correct answers Old role is cost center and new
role is strategic partner
Why do personnel policies exist? correct answers Ti make decisions about how an
organization will carry out the functions of HRM
Why is HR important/valuable to organizations? correct answers High quality employees
provide a needed service as they perform many critical functions
How hoes HR create a competitive advantage for companies? correct answers From the
foundation of high-performance work system - an organization in which technology,
organizational structures, people, and processes work together seamlessly to give an
organization an advantage in the competitive environment
What does it mean for HR to be a "strategic partner" in an organization? correct answers
Contributing to the company's strategy through an understanding of its existing and needed
human resources and ways HR practices can give the company a competitive advantage. For
strategic ideas to be effective, HR people must understand the business, its industry, and its
competitors
What is the resource-based view of the firm? correct answers The value of resources depends
on financial, physical, and interpersonal factors
Who is responsible for HRM? correct answers Most organizations assign line managers the
responsibility of human resource functions. A franchise that stands on its own or a small
business will require the owner or general manager to be responsible for human resource
functions. Large organizations with 250 or more employees are required to have a separate
HR unit with a full-time manager and an assistant to handle all human resource
responsibilities
A research study showed that a one standard deviation improvement in HR policies was
associated with ___% decrease in turnover. correct answers 7%
TRUE OR FALSE To be an effective talent manager, HR needs to understand the structure of
the organization. correct answers True
What is "human capital"? correct answers An organization's employees, described in terms of
their training, experience, judgement, intelligence, relationships, and insight and that can add
economic value to the organization
IN the article, "Why we love to hate HR... and what HR can do about it," what does the
author argue are steps that HR can take to be effective (and stop the hate)? correct answers
See the agenda, focus on issues that matter in the here and now, acquire business knowledge,
highlight financial benefit, walk away from the time wasters
Who can perform a job analysis? correct answers In small organizations, line managers and
human resource professionals perform a job analysis. A large company may have
compensation management department, which would take care of job analysis
