PHR Practice Exam 2023 (Questions with graded answers)

Which of the following forecasting methods relies on collecting independent evaluations from experts and summarizing the information? A. Assessment center B. Nominal group technique C. Time-series analysis D. Delphi technique correct answers D. Delphi technique Utilizing employee skills to keep or gain a competitive advantage is known as: A. succession planning. B. forecasting. C. strategic management. D. benchmarking. correct answers C. strategic management. Which organizational structure best suits a business with numerous offices and distribution centers? A. Product B. Hierarchical C. Hybrid D. Geographic correct answers D. Geographic A project is expected to net $600,000 in income with project costs of $350,000. What is the expected ROI for this project? A. 57% B. 72% C. 171% D. 277% correct answers C. 171% Which of the following statements is true regarding a cash flow statement? A. Due to timing of cash transactions, it is a mix of current and previous years' transactions. B. It only includes the cash transactions from the year in which it is prepared. C. Cash flowing out in a given period equals the amount recorded in accounts payable. D. Cash flowing in during a given period equals sales plus accounts receivable. correct answers A. Due to timing of cash transactions, it is a mix of current and previous years' transactions. A group process for organizational diagnosis is used when: A. structure and the number of participants are known. B. confidentiality and trust relationships are necessary. C. larger population input and baseline data are needed. D. a high degree of interaction among participants is desired. correct answers D. a high degree of interaction among participants is desired.