HUMAN RESOURCE MANAGEMENT TEST
PAPER FULL SOLUTION QUESTIONS AND
CORRECT ANSWERS GRADED A+
●● Competitiveness
Answer: A company's ability to maintain and gain market share in its
industry.
●● Shared Service Model
Answer: A way to organize the HR function that includes centers of
expertise, service centers, and business partners.
●● Outsourcing
Answer: The practice of having another company provide services.
●● Evidence-based HR
Answer: Demonstrating that human resource practices have a positive
influence on the company's bottom line or key stakeholders (employees,
customers, community shareholders).
●● HR or Workplace Analytics
Answer: The practice of using data from HR databases and other data
sources to make evidence-based human resource decisions. HR
,workforce analysts use quantitative/scientific methods to analyze data
from HR decisions, financial statements, and employee surveys to prove
HR influences organizations bottom line profits and costs.
●● Sustainability
Answer: A company's ability to meet its needs without sacrificing the
ability of future generations to meet their needs. "Triple bottom line" --
economic, social, and environmental benefits.
●● Stakeholders
Answer: Shareholders, the community, customers, employees, and all
other parties that have an interest in seeing the company succeed.
●● Intangible Assets
Answer: Education, trade secrets, management philosophy. A type of
company asset including human capital, customer capital, social capital,
and intellectual capital.
●● Knowledge Workers
Answer: Employees who own the intellectual means of producing a
product or service.
●● Empowering
, Answer: Giving employees responsibility and authority to make
decisions.
●● Learning Organization
Answer: A culture of lifelong learning in which employees are
continually trying to learn new things.
●● Change
Answer: The adoption of a new idea or behavior by a company.
●● Employee Engagement
Answer: The degree to which employees are fully involved in their work
and the strength of their job/company commitment. Employees who are
"all in."
●● Talent Management
Answer: The systematic planned strategic effort to use bundles of HRM
practices acquiring and assessing employees, learning and development,
performance management, and compensation to attract, retain, develop,
and motivate highly skilled employees and managers.
●● Alternative Work Arrangements
PAPER FULL SOLUTION QUESTIONS AND
CORRECT ANSWERS GRADED A+
●● Competitiveness
Answer: A company's ability to maintain and gain market share in its
industry.
●● Shared Service Model
Answer: A way to organize the HR function that includes centers of
expertise, service centers, and business partners.
●● Outsourcing
Answer: The practice of having another company provide services.
●● Evidence-based HR
Answer: Demonstrating that human resource practices have a positive
influence on the company's bottom line or key stakeholders (employees,
customers, community shareholders).
●● HR or Workplace Analytics
Answer: The practice of using data from HR databases and other data
sources to make evidence-based human resource decisions. HR
,workforce analysts use quantitative/scientific methods to analyze data
from HR decisions, financial statements, and employee surveys to prove
HR influences organizations bottom line profits and costs.
●● Sustainability
Answer: A company's ability to meet its needs without sacrificing the
ability of future generations to meet their needs. "Triple bottom line" --
economic, social, and environmental benefits.
●● Stakeholders
Answer: Shareholders, the community, customers, employees, and all
other parties that have an interest in seeing the company succeed.
●● Intangible Assets
Answer: Education, trade secrets, management philosophy. A type of
company asset including human capital, customer capital, social capital,
and intellectual capital.
●● Knowledge Workers
Answer: Employees who own the intellectual means of producing a
product or service.
●● Empowering
, Answer: Giving employees responsibility and authority to make
decisions.
●● Learning Organization
Answer: A culture of lifelong learning in which employees are
continually trying to learn new things.
●● Change
Answer: The adoption of a new idea or behavior by a company.
●● Employee Engagement
Answer: The degree to which employees are fully involved in their work
and the strength of their job/company commitment. Employees who are
"all in."
●● Talent Management
Answer: The systematic planned strategic effort to use bundles of HRM
practices acquiring and assessing employees, learning and development,
performance management, and compensation to attract, retain, develop,
and motivate highly skilled employees and managers.
●● Alternative Work Arrangements
