HRM701 Test 1 ( Latest 2026/2027 Update) with Questions and
Verified Answers| | 100% Correct | Grade A+
• Question
To build human capital in organizations, managers should rely upon staffing programs
that focus on which of the following?
Correct Answer: Identifying and hiring the best and brightest available
• Question
HRM plays an important role in organizations by balancing the sometimes competing
demands of which of the following?
Correct Answer: Competitive challenges and employee concerns.
• Question
What is the term for the method of containing costs that allows firms to maintain
working relationships while shifting administrative costs to another firm?
Correct Answer: Employee Leasing
• Question
What should you take into account when forecasting demand?
Correct Answer: Product/service demand
• Question
Which statement BEST describes employment equity?
Correct Answer: it impacts all aspects of the employment relationship
• Question
What are two factors that has to be considered when determining the amount of notice?
Correct Answer: the length of service and the nature of work
• Question
Which of the following best describes alternative dispute resolution mechanisms?
Correct Answer: They are a relatively recent development in non-union organizations.
• Question
Over time, organizations may try to reduce their workforce by relying on attrition. TorF
Correct Answer: False
Verified Answers| | 100% Correct | Grade A+
• Question
To build human capital in organizations, managers should rely upon staffing programs
that focus on which of the following?
Correct Answer: Identifying and hiring the best and brightest available
• Question
HRM plays an important role in organizations by balancing the sometimes competing
demands of which of the following?
Correct Answer: Competitive challenges and employee concerns.
• Question
What is the term for the method of containing costs that allows firms to maintain
working relationships while shifting administrative costs to another firm?
Correct Answer: Employee Leasing
• Question
What should you take into account when forecasting demand?
Correct Answer: Product/service demand
• Question
Which statement BEST describes employment equity?
Correct Answer: it impacts all aspects of the employment relationship
• Question
What are two factors that has to be considered when determining the amount of notice?
Correct Answer: the length of service and the nature of work
• Question
Which of the following best describes alternative dispute resolution mechanisms?
Correct Answer: They are a relatively recent development in non-union organizations.
• Question
Over time, organizations may try to reduce their workforce by relying on attrition. TorF
Correct Answer: False
