HUMAN RESOURCE MANAGEMENT EXAM 1 (INTRODUCTION QUESTIONS WITH ANSWERS)

HUMAN RESOURCE MANAGEMENT
EXAM 1 (INTRODUCTION QUESTIONS
WITH ANSWERS)
What is human resources? - CORRECT ANSWERS -set of resources the organization utilizes and
maximizes to make the organization more effective



What are the three perspectives of adding value to organizations? - CORRECT ANSWERS -Lifecycle
Perspective, Stakeholder Perspective, and Chain of Success



What are the two business-level strategies? - CORRECT ANSWERS -Cost leadership and differentiation



What are the six HR functions? - CORRECT ANSWERS -Business Management and Strategy, Workplace
Planning and Employment, Human Resource Development, Compensation and Benefits, Employee and
Labor Relations, Risk Management



What are the four stages of the lifecycle perspective? - CORRECT ANSWERS –

1.nEntrepreneurialnStage

2.nCommunalnStage

3.nFormalizationnStage

4.nElaborationnStage



Whatnarenthenfourntypesnofnstakeholders?n-nCORRECTnANSWERSn-
Employees,ncustomers,nowners,nandnsociety