Bu354 Ch 1 Questions and Correct
Answers.
People are the common element in all social organizations. - Answer True
Organizational goals are an organization's short- and long-term goals that human resource
management aims to support and enable. - Answer True
The field of human resource management is not related to key organizational goals, product-
market plans, technology, and innovation. - Answer False
Human resource management is central to all organizations and all organizations have a
dedicated human resource department. - Answer False
A new venture or micro-business would initially have the entrepreneur perform HR related
tasks. - Answer True
Strategies for businesses are formulated at three levels: corporate, a major business activity,
and employee. - Answer False
Employee salaries may account for more than 65% of the operating expenses in many
organizations. - Answer False
Using the focus strategy, a firm concentrates on a segment of the market. The firm may
compete on the basis of either differentiation or cost leadership. - Answer True
Many organizations are now including specific strategies that directly consider their employees,
such as a strategy to become one of Canada's "Top 50 Best Managed Companies." - Answer
True
Boom and bust economic cycles are experienced the same across the country. - Answer False
Economic forces are defined as economic factors facing Canadian business, including historical
trends, global trade forces, and the force to increase one's own competitiveness and
productivity levels. - Answer False
Canada's international trade advantage is due to its geographical location and multi-cultural
population. - Answer False
Answers.
People are the common element in all social organizations. - Answer True
Organizational goals are an organization's short- and long-term goals that human resource
management aims to support and enable. - Answer True
The field of human resource management is not related to key organizational goals, product-
market plans, technology, and innovation. - Answer False
Human resource management is central to all organizations and all organizations have a
dedicated human resource department. - Answer False
A new venture or micro-business would initially have the entrepreneur perform HR related
tasks. - Answer True
Strategies for businesses are formulated at three levels: corporate, a major business activity,
and employee. - Answer False
Employee salaries may account for more than 65% of the operating expenses in many
organizations. - Answer False
Using the focus strategy, a firm concentrates on a segment of the market. The firm may
compete on the basis of either differentiation or cost leadership. - Answer True
Many organizations are now including specific strategies that directly consider their employees,
such as a strategy to become one of Canada's "Top 50 Best Managed Companies." - Answer
True
Boom and bust economic cycles are experienced the same across the country. - Answer False
Economic forces are defined as economic factors facing Canadian business, including historical
trends, global trade forces, and the force to increase one's own competitiveness and
productivity levels. - Answer False
Canada's international trade advantage is due to its geographical location and multi-cultural
population. - Answer False
