MG 302 Final Exam Questions and Correct Answers

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MG 302 Final Exam Questions and
Correct Answers

Question: In a recent survey, CEOs said that _______________ is the
most important factor in achieving a competitive advantage.
Answer: human capital


Question: ________________ is driven by the organization's strategy.
Answer: Human Resource Management (HRM)


Question: The three broad HRM activities are
Answer: finding the right people, maintaining an effective workforce, and
managing talent.


Question: Finding the right people (HRM Activity) includes
Answer: -HRM planning
-Job analysis
-Forecasting
-Recruiting
-Selecting


Question: Maintain an effective workforce (HRM Activity) includes
Answer: -Wages and salary
-Benefits
-Labor relations
-Terminations


Question: Manage talent (HRM activity) includes
Answer: -Training
-Development


Pretest - Stuvia US

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-Appraisal


Question: In the strategic approach to human resource management,
_______ managers are involved in managing human resources.
Answer: all


Question: The ultimate goal of strategic human resource management is
to ___________
Answer: improve business results


Question: Measuring the Value of Human Capital Investments *Level 1*
Answer: *Business Results:*
-Revenue growth
-ROIC of ROE
-Total return to shareholders


Question: Measuring the Value of Human Capital Investments *Level 2*
Answer: *Key Performance Drivers:*
-Productivity
-Quality
-Innovation
-Customer Service


Question: Measuring the Value of Human Capital Investments *Level 3*
Answer: *Human Capital Processes:*
-Career development
-Rewards and recognition
-Human capital strategy
-Performance appraisal
-Recruiting
-Workforce planning




Pretest - Stuvia US