Practice Test- SHRM CP

What is Human Capital Planning? - Correct AnswerHuman Capital planning is a systematic process for identifying the resource pool and its capabilities to meet organization goals and developing the strategies to meet the requirements to fulfill those goals. A Human Management Capital plan is forward thinking; the questions asked look at the present and into the future. What is an environmental scan and how does it pertain to strategic planning? - Correct AnswerAn environmental scan has to do with the gathering of information that will help to project company growth and development. An environmental scan helps a company to review historical data to begin the process of preparing for expected or planned growth in the company. Why do HR professionals need to understand the legal process? - Correct AnswerLegislation influences the relationship between employers and employees, and the human resources professional is responsible for understanding this relationship. The legislation that will affect a business often will affect the business's relationship with its employees. What is the first step that must be taken for an idea to be presented as a bill to congress? - Correct AnswerWhen an idea for a bill originates from an individual or business outside of Congress, the idea must first be submitted to a member of congress (or MOC). This MOC may be either a senator or representative. What is the Foreign Corrupt Practices Act of 1977? - Correct AnswerEstablishes the rules for preventing bribery and penalizing occurrences of it within corporations that exist in several countries. What are the steps in the strategic planning process? - Correct AnswerEnvironmental Scanning, Formulating strategy, Implementing strategy, Making adjustments to strategy Democratic Leadership Style: - Correct Answera type of leadership style in which members of the group take a more participative role in the decision-making process. Coaching Leadership Style: - Correct AnswerCoaching leaders are very effective in settings where performance or results need improvement. They help others to advance their skills; they build bench strength, and provide a lot of guidance. The coaching leadership style is most effective when followers are more responsible, experienced, and agreeable. Transactional Leadership Style: - Correct Answera style of leadership that focuses on supervision, organization, and performance; transactional leadership is a style of leadership in which leaders promote compliance by followers through both rewards and punishments. Transformational Leadership Style: - Correct Answera style of leadership where a leader works with subordinates to identify needed change, creating a vision to guide the change through inspiration, and executing the change in tandem with committed members of a group. What standard budget responsibilities does HR have? - Correct AnswerPayroll taxes, travel expenses, repairs and maintenance, & employee benefits. The FLSA retains a certification of age for all employees for how long? - Correct AnswerUntil their employment is terminated. When is a company required to pay their employee more than the federal minimum wage? - Correct AnswerWhen state minimum wage is higher than the federal minimum wage, the company is required to pay the state minimum wage over the federal . What is adverse impact? - Correct AnswerThe phrase adverse impact or unintentional discrimination refers to the selection rate of the a protected class being less than 80% of the selection rate of the highest group