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Exam (elaborations)

BUS 381 - Midterm (Chapters 1-6) Exam Questions With Correct Answers

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BUS 381 - Midterm (Chapters 1-6) Exam Questions With Correct Answers

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BUS 381 - Midterm (Chapters 1-6) Exam
Questions With Correct Answers

manager - CORRECT ANSWER✔✔-is responsible for accomplishing the
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organization's goals and does so by managing the efforts of the
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organization's people |




Management Process - CORRECT ANSWER✔✔-planning, organizing,
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leading, controlling
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HR Functions - CORRECT ANSWER✔✔-strategy and planning,
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recruitment and selection, staffing and training, talent/performance
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management, occupational health and safety, engagement and
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empowerment, law and compliance, compensation and benefits, and
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labor relations
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Human Resource Management - CORRECT ANSWER✔✔-the
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management of people in organizations to drive successful
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organizational performance and achievement of the organization's
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strategic goals |

,list of HR positions/roles - CORRECT ANSWER✔✔-6) CHRO/CPO, 5) Vice
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President, 4) Director, 3) Manager, 2) Individual Contributors 1) Entry-
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Level


Strategic Planning - CORRECT ANSWER✔✔-the company's plan for how
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it will match its internal strength and weaknesses with its external
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opportunities and threats to maintain a competitive position
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Strategic Management - CORRECT ANSWER✔✔-The process of
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identifying and executing the organization's strategic plan, by matching
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the company's capabilities with the demands of its environment
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human capital - CORRECT ANSWER✔✔-the knowledge, education,
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training, skills and expertise or an organization's workforce
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Outsourcing - CORRECT ANSWER✔✔-the practice of contracting with
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outside vendors to handle specified business functions on a limited
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term or permanent basis
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Allyship - CORRECT ANSWER✔✔-actively supporting people from
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marginalized groups by using one's power or privilege to amplify
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unheard voices and advocate for oppressed people
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,Primary Sector - CORRECT ANSWER✔✔-The portion of the economy
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concerned with the direct extraction of materials from Earth's surface,
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generally through agriculture, although sometimes by mining, fishing,
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and forestry. 4% of jobs.
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Secondary Sector - CORRECT ANSWER✔✔-The portion of the economy
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concerned with manufacturing and constructing useful products. 17% of
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jobs.
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the tertiary/service sector - CORRECT ANSWER✔✔-provides us with
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transportation, communication and utilities (transportation, retailing,
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education, routine office-based jobs, etc.) 79% of jobs.
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evidence based HRM - CORRECT ANSWER✔✔-The use of data, facts,
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analytics, scientific rigor, critical evaluation, and critically evaluated
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research/case studies to support human resource management
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proposals, decisions, practices, and conclusions
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Metrics - CORRECT ANSWER✔✔-measurements used to track
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performance and results | |




Strategic HRM Tools - CORRECT ANSWER✔✔-- Strategy map
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- Balanced scorecard
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- Digital dashboard
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, strategy map - CORRECT ANSWER✔✔-A strategic planning tool that
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shows the "big picture" of how each department's performance
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contributes to achieving the company's overall strategic goals.
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Balanced Scorecard - CORRECT ANSWER✔✔-A measurement system
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that translates an organization's strategy into a comprehensive set of
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performance measures. |




digital dashboard - CORRECT ANSWER✔✔-displays on a single screen
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graphs and charts of key performance indicators for managing a
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company


Certification - CORRECT ANSWER✔✔-recognition for having met specific
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professional goals
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Ethics - CORRECT ANSWER✔✔-the study of standards of conduct and
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moral judgement; also the standards of right conduct
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Social Responsibility - CORRECT ANSWER✔✔-a company's approach to
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balancing its commitments, not only to its investors but also its
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employees and customers, other businesses, and the community or
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communities in which it operates | | | |

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