SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
Shareholder (Workplace) Correct-An owner of shares in a company.
A person who invests in a corporation by buying stock and is a partial owner.
Stakeholder (Workplace) Correct-Stakeholder is Everyone.
Someone other than a stockholder or creditor who potentially has a claim on the cash flows
of the firm.
A person or organization with an interest in a particular place or issue.
Strategy (Workplace) Correct-A long term plan. Are long term, are things that are long
term goals.
Strategies Do Not change that much.
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
A plan of action or policy designed to achieve a major or overall aim. Plan of action for
accomplishing an organization's overall and long-range goals.
Strategy
~Larger, overall plan that can comprise several tactics.
~Broad, "big picture"
~Over time, long periods of time, future-oriented.
~A year of advertising and marketing plans for a company
Stakeholder theory Correct-A theory that holds that social responsibility is paying
attention to the interest of every affected stakeholder in every aspect of a firm's operation.
Tactics (Workplace) Correct-Short term steps on the way to long term plan/objectives. Are
short term. Are the companies short term goals.
Changes are made often.
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
An action or strategy carefully planned to achieve a specific end.
The methods and actions taken to accomplish strategies.
Tactic
~Plans, tasks, or procedures that can be carried out; may be part of a larger strategy.
~Narrow, "close-up"
~Soon or present.
~One of the ads from the planned marketing strategy.
The difference between a strategy and a tactic: (Workplace) Correct-A strategy is a larger,
overall plan that can comprise several tactics, which are smaller, focused, less impactful plans
that are part of the overall plan.
Engaging and Preparing Stakeholder Correct--SWOT
-Multi Criteria
-Cost benefit
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
-Force field analysis
Compa-ratio Correct-Pay rate divided by the midpoint of the pay range.
i.e. Given a pay range with a minimum of $16.00 per hour and a maximum of $20.00 per hour,
the midpoint is $18.00 per hour. The Compa Ratios for employees A, B, C, and D would be as
follows:
$16/$18 = .89 or 89% - Employee A earns $16.
$16.50/$18 = .92 or 92% - Employee B earns $16.50
$18/$18 = 1.00 or 100% - Employee C earns $18.00
$19/$18 = 1.06 or 106% - Employee D earns $19
Yield Ratio Correct-a ratio that expresses the percentage of applicants who successfully
move from one stage of the recruitment and selection process to the next.
Answers 100 Corrrect
Shareholder (Workplace) Correct-An owner of shares in a company.
A person who invests in a corporation by buying stock and is a partial owner.
Stakeholder (Workplace) Correct-Stakeholder is Everyone.
Someone other than a stockholder or creditor who potentially has a claim on the cash flows
of the firm.
A person or organization with an interest in a particular place or issue.
Strategy (Workplace) Correct-A long term plan. Are long term, are things that are long
term goals.
Strategies Do Not change that much.
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
A plan of action or policy designed to achieve a major or overall aim. Plan of action for
accomplishing an organization's overall and long-range goals.
Strategy
~Larger, overall plan that can comprise several tactics.
~Broad, "big picture"
~Over time, long periods of time, future-oriented.
~A year of advertising and marketing plans for a company
Stakeholder theory Correct-A theory that holds that social responsibility is paying
attention to the interest of every affected stakeholder in every aspect of a firm's operation.
Tactics (Workplace) Correct-Short term steps on the way to long term plan/objectives. Are
short term. Are the companies short term goals.
Changes are made often.
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
An action or strategy carefully planned to achieve a specific end.
The methods and actions taken to accomplish strategies.
Tactic
~Plans, tasks, or procedures that can be carried out; may be part of a larger strategy.
~Narrow, "close-up"
~Soon or present.
~One of the ads from the planned marketing strategy.
The difference between a strategy and a tactic: (Workplace) Correct-A strategy is a larger,
overall plan that can comprise several tactics, which are smaller, focused, less impactful plans
that are part of the overall plan.
Engaging and Preparing Stakeholder Correct--SWOT
-Multi Criteria
-Cost benefit
, SHRM-SCP Exam Study Prep|1277 Questions and
Answers 100 Corrrect
-Force field analysis
Compa-ratio Correct-Pay rate divided by the midpoint of the pay range.
i.e. Given a pay range with a minimum of $16.00 per hour and a maximum of $20.00 per hour,
the midpoint is $18.00 per hour. The Compa Ratios for employees A, B, C, and D would be as
follows:
$16/$18 = .89 or 89% - Employee A earns $16.
$16.50/$18 = .92 or 92% - Employee B earns $16.50
$18/$18 = 1.00 or 100% - Employee C earns $18.00
$19/$18 = 1.06 or 106% - Employee D earns $19
Yield Ratio Correct-a ratio that expresses the percentage of applicants who successfully
move from one stage of the recruitment and selection process to the next.
