SHRM CP EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS|LATEST UPDATE|ALREADY GRADED A+
Actions & activities that individuals perform in order to give direction to their work lives. ✔Correct
answer-Career Planning
Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in
developed countries. ✔Correct answer-Brain drain
People who learn best by relying on their sense of hearing. ✔Correct answer-Auditory learners
Study of how adults learn. ✔Correct answer-Andragogy
Pay adjustment given to eligible employees regardless of performance or organizational profitability;
usually linked to inflation. ✔Correct answer-Cost-of-living adjustment (COLA)
Pay rate divided by the midpoint of the pay range. ✔Correct answer-Compa-ratio
Combining several salary grades or job classifications with narrow pay ranges unto one brand with a
wider salary spread. ✔Correct answer-Broadbanding
Type of interview that focuses on how applicants previously handled real situations. ✔Correct
answer-Behavioral interview
Software that provides an automated way for organizations to manage the recruiting process.
✔Correct answer-Applicant tracking software (ATS)
Activities that focus on preparing employees for future responsibilities while increasing their capacity
to perform their current jobs. ✔Correct answer-Developmental activities
All financial returns (beyond any benefits payments or services), including salary and allowances.
✔Correct answer-Compensation
Process by which employees progress through a series of stages in their careers, each of which is
characterized by relatively unique, themes, and tasks. ✔Correct answer-Career development
Payments or services provided to employees to cover issues such as retirement, health care, sick
pay/disability schemes, life insurance, and paid time off. ✔Correct answer-Benefits
Related to technical skills training; often a partnership between employers and unions. ✔Correct
answer-Apprenticeship
Type of interview in which the interviewer asks questions related to competencies for the position
and asks candidates to provide examples of times they demonstrated the competencies. ✔Correct
answer-Competency-based interview
5 step instructional design process that governs the development of learning programs. ✔Correct
answer-ADDIE model
,Assessment tools that provide candidates a wide range of leadership situations and problem-solving
exercises. ✔Correct answer-Assessment centers
Planned approach to learning that included a combination of instructor-led training, self-directed
study, and /or on-the-job training. ✔Correct answer-Blended learning
Preparing, implementing, and monitoring employees' career paths, with a primary focus on the goals
and needs of the organization. ✔Correct answer-Career management
Clusters of highly interrelated attributes, including knowledge, skills, or abilities (KSA) that give rise to
the behaviors needed to perform a given job effectively. ✔Correct answer-Competencies
A plan of action for accomplishing an organization's long-range goals. ✔Correct answer-Strategy
Process for assessing an organization's strategic capabilities in comparison to threats and
opportunities identified during environmental scanning. ✔Correct answer-SWOT analysis
Actions, processes, or results that are needed to deliver a desired value. ✔Correct answer-Value
drivers
Vivid, guiding image of an organization's desired future, the future it hopes to attain through its
strategy. ✔Correct answer-Vision statement
Beliefs that are important to an organization and often dictate employee behavior. ✔Correct
answer-Organizational values
A state in which an organization's strategy is consistent with its external opportunities and
circumstances and its internal structure, resources, and capabilities. ✔Correct answer-Strategic fit
The actions that leaders take to move their organizations toward those goals and create value for all
stakeholders. ✔Correct answer-Strategic management
The process of setting goals and designing a path toward a competitive position. ✔Correct answer-
Strategic planning
Performance parameters based on the relationship between 2 or more measures. ✔Correct
answer-Metrics
Statement that specifies what activities an organization intends to pursue and what course
management has carted for the future; a concise statement of its strategy. ✔Correct answer-
Mission statement
Ratio of net income (gross sales minus expenses and taxes) to net sales. ✔Correct answer-Net
profit margin
The basic beliefs and customs shared by members of an organization that contribute to an
organization's sense of its identity. ✔Correct answer-Organizational culture
Statement that reports revenues, expenses, and net income (profit) for a specified period.
✔Correct answer-Income statement
, Type of metric that describes an activity that has already occurred. ✔Correct answer-Lagging
indicator
Type of metric that describes an activity that can change future performance and indicate higher
degree of success in achieving strategic goals. ✔Correct answer-Leading indicator
Organization's debts and other financial obligations. ✔Correct answer-Liabilities
Necessary level of care and attention that is taken to investigate an action before it is taken.
✔Correct answer-Due diligence
Process that involves a systematic survey and interpretation of relevant data to identify external
opportunities and threats and to assess how these factors affect the organization currently and how
they are likely to affect the organization in the future. ✔Correct answer-Environmental scanning
Amount of owners' or shareholders' portion of a business. ✔Correct answer-Equity
Ratio of gross profit to net sales. ✔Correct answer-Gross profit margin
Process that compares performance levels and/or processes of one entity with those of another to
identify performance gaps and set goals aimed at improving performance. ✔Correct answer-
Benchmarking
Strategies that generate competitive advantage by creating a new marketplace arena in which there
are no other competitors. ✔Correct answer-Blue ocean strategies
Presentation to management that establishes that a specific problem exists and argues that the
proposed solution is the best way to solve the problem in terms of time, cost efficiency, and
probability of success. ✔Correct answer-Business case
Statement the shows incoming and outgoing cash in the areas of operations, investments, and
financing and remaining cash reserves; reflects an organization's ability to meet its current and short-
term obligations. ✔Correct answer-Cash flow statement
Money an organization owed its vendors and suppliers. ✔Correct answer-Accounts payable
Money an organization's customers owe the organization. ✔Correct answer-Accounts receivable
Financial, physical, and sometimes intangible properties an organization owns. ✔Correct answer-
Assets
Statement that reports the financial position of the organization at a specific point in time; shows
assets, liabilities, and shareholder equity. ✔Correct answer-Balance sheet
Legal doctrine under which a party can be held liable for the wrongful actions of another party.
✔Correct answer-Vicarious liability
Union employees' right in U.S. to have a union representative or coworker present during an
investigatory interview. ✔Correct answer-Weingarten rights
ANSWERS|LATEST UPDATE|ALREADY GRADED A+
Actions & activities that individuals perform in order to give direction to their work lives. ✔Correct
answer-Career Planning
Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in
developed countries. ✔Correct answer-Brain drain
People who learn best by relying on their sense of hearing. ✔Correct answer-Auditory learners
Study of how adults learn. ✔Correct answer-Andragogy
Pay adjustment given to eligible employees regardless of performance or organizational profitability;
usually linked to inflation. ✔Correct answer-Cost-of-living adjustment (COLA)
Pay rate divided by the midpoint of the pay range. ✔Correct answer-Compa-ratio
Combining several salary grades or job classifications with narrow pay ranges unto one brand with a
wider salary spread. ✔Correct answer-Broadbanding
Type of interview that focuses on how applicants previously handled real situations. ✔Correct
answer-Behavioral interview
Software that provides an automated way for organizations to manage the recruiting process.
✔Correct answer-Applicant tracking software (ATS)
Activities that focus on preparing employees for future responsibilities while increasing their capacity
to perform their current jobs. ✔Correct answer-Developmental activities
All financial returns (beyond any benefits payments or services), including salary and allowances.
✔Correct answer-Compensation
Process by which employees progress through a series of stages in their careers, each of which is
characterized by relatively unique, themes, and tasks. ✔Correct answer-Career development
Payments or services provided to employees to cover issues such as retirement, health care, sick
pay/disability schemes, life insurance, and paid time off. ✔Correct answer-Benefits
Related to technical skills training; often a partnership between employers and unions. ✔Correct
answer-Apprenticeship
Type of interview in which the interviewer asks questions related to competencies for the position
and asks candidates to provide examples of times they demonstrated the competencies. ✔Correct
answer-Competency-based interview
5 step instructional design process that governs the development of learning programs. ✔Correct
answer-ADDIE model
,Assessment tools that provide candidates a wide range of leadership situations and problem-solving
exercises. ✔Correct answer-Assessment centers
Planned approach to learning that included a combination of instructor-led training, self-directed
study, and /or on-the-job training. ✔Correct answer-Blended learning
Preparing, implementing, and monitoring employees' career paths, with a primary focus on the goals
and needs of the organization. ✔Correct answer-Career management
Clusters of highly interrelated attributes, including knowledge, skills, or abilities (KSA) that give rise to
the behaviors needed to perform a given job effectively. ✔Correct answer-Competencies
A plan of action for accomplishing an organization's long-range goals. ✔Correct answer-Strategy
Process for assessing an organization's strategic capabilities in comparison to threats and
opportunities identified during environmental scanning. ✔Correct answer-SWOT analysis
Actions, processes, or results that are needed to deliver a desired value. ✔Correct answer-Value
drivers
Vivid, guiding image of an organization's desired future, the future it hopes to attain through its
strategy. ✔Correct answer-Vision statement
Beliefs that are important to an organization and often dictate employee behavior. ✔Correct
answer-Organizational values
A state in which an organization's strategy is consistent with its external opportunities and
circumstances and its internal structure, resources, and capabilities. ✔Correct answer-Strategic fit
The actions that leaders take to move their organizations toward those goals and create value for all
stakeholders. ✔Correct answer-Strategic management
The process of setting goals and designing a path toward a competitive position. ✔Correct answer-
Strategic planning
Performance parameters based on the relationship between 2 or more measures. ✔Correct
answer-Metrics
Statement that specifies what activities an organization intends to pursue and what course
management has carted for the future; a concise statement of its strategy. ✔Correct answer-
Mission statement
Ratio of net income (gross sales minus expenses and taxes) to net sales. ✔Correct answer-Net
profit margin
The basic beliefs and customs shared by members of an organization that contribute to an
organization's sense of its identity. ✔Correct answer-Organizational culture
Statement that reports revenues, expenses, and net income (profit) for a specified period.
✔Correct answer-Income statement
, Type of metric that describes an activity that has already occurred. ✔Correct answer-Lagging
indicator
Type of metric that describes an activity that can change future performance and indicate higher
degree of success in achieving strategic goals. ✔Correct answer-Leading indicator
Organization's debts and other financial obligations. ✔Correct answer-Liabilities
Necessary level of care and attention that is taken to investigate an action before it is taken.
✔Correct answer-Due diligence
Process that involves a systematic survey and interpretation of relevant data to identify external
opportunities and threats and to assess how these factors affect the organization currently and how
they are likely to affect the organization in the future. ✔Correct answer-Environmental scanning
Amount of owners' or shareholders' portion of a business. ✔Correct answer-Equity
Ratio of gross profit to net sales. ✔Correct answer-Gross profit margin
Process that compares performance levels and/or processes of one entity with those of another to
identify performance gaps and set goals aimed at improving performance. ✔Correct answer-
Benchmarking
Strategies that generate competitive advantage by creating a new marketplace arena in which there
are no other competitors. ✔Correct answer-Blue ocean strategies
Presentation to management that establishes that a specific problem exists and argues that the
proposed solution is the best way to solve the problem in terms of time, cost efficiency, and
probability of success. ✔Correct answer-Business case
Statement the shows incoming and outgoing cash in the areas of operations, investments, and
financing and remaining cash reserves; reflects an organization's ability to meet its current and short-
term obligations. ✔Correct answer-Cash flow statement
Money an organization owed its vendors and suppliers. ✔Correct answer-Accounts payable
Money an organization's customers owe the organization. ✔Correct answer-Accounts receivable
Financial, physical, and sometimes intangible properties an organization owns. ✔Correct answer-
Assets
Statement that reports the financial position of the organization at a specific point in time; shows
assets, liabilities, and shareholder equity. ✔Correct answer-Balance sheet
Legal doctrine under which a party can be held liable for the wrongful actions of another party.
✔Correct answer-Vicarious liability
Union employees' right in U.S. to have a union representative or coworker present during an
investigatory interview. ✔Correct answer-Weingarten rights
