HRM701 Test 1 UPDATED ACTUAL Exam
Questions and CORRECT Answers
To build human capital in organizations, managers should rely upon staffing programs that focus
on which of the following? - CORRECT ANSWER - Identifying and hiring the best and
brightest available
HRM plays an important role in organizations by balancing the sometimes competing demands
of which of the following? - CORRECT ANSWER - Competitive challenges and
employee concerns.
What is the term for the method of containing costs that allows firms to maintain working
relationships while shifting administrative costs to another firm? - CORRECT ANSWER -
Employee Leasing
What should you take into account when forecasting demand? - CORRECT ANSWER -
Product/service demand
Which statement BEST describes employment equity? - CORRECT ANSWER - it impacts
all aspects of the employment relationship
What are two factors that has to be considered when determining the amount of notice? -
CORRECT ANSWER - the length of service and the nature of work
Which of the following best describes alternative dispute resolution mechanisms? - CORRECT
ANSWER - They are a relatively recent development in non-union organizations.
Over time, organizations may try to reduce their workforce by relying on attrition. TorF -
CORRECT ANSWER - False
Organizations such as Canadian Tire and CIBC conduct cultural audits to examine the attitudes
and activities of the external workforce. T or F - CORRECT ANSWER - False
Questions and CORRECT Answers
To build human capital in organizations, managers should rely upon staffing programs that focus
on which of the following? - CORRECT ANSWER - Identifying and hiring the best and
brightest available
HRM plays an important role in organizations by balancing the sometimes competing demands
of which of the following? - CORRECT ANSWER - Competitive challenges and
employee concerns.
What is the term for the method of containing costs that allows firms to maintain working
relationships while shifting administrative costs to another firm? - CORRECT ANSWER -
Employee Leasing
What should you take into account when forecasting demand? - CORRECT ANSWER -
Product/service demand
Which statement BEST describes employment equity? - CORRECT ANSWER - it impacts
all aspects of the employment relationship
What are two factors that has to be considered when determining the amount of notice? -
CORRECT ANSWER - the length of service and the nature of work
Which of the following best describes alternative dispute resolution mechanisms? - CORRECT
ANSWER - They are a relatively recent development in non-union organizations.
Over time, organizations may try to reduce their workforce by relying on attrition. TorF -
CORRECT ANSWER - False
Organizations such as Canadian Tire and CIBC conduct cultural audits to examine the attitudes
and activities of the external workforce. T or F - CORRECT ANSWER - False
