MAN 3301 EXAM 1 | QUESTIONS AND ANSWERS | 100% CORRECT.
Critical resource of HRM - (ANSWER)Human Capital: the quality and performance level of an
organization's human resources (employees) KSAs + future potential.
HRM - (ANSWER)Achieving desired organizational performance through HR policies, systems and
practices that motivate desired employee behavior, attitudes and individual performances.
Primary Goals of HRM - (ANSWER)Attract, select, retain, develop and motivate (High Performance Work
Systems)
Sub-Functions of HRM - (ANSWER)Employment law, job analysis and design, HR planning, recruiting &
selection, training & development, performance mgmt, talent mgmt, separation & retention,
compensation (salary & benefits), safety & health (OSHA), labor relations
Sustainability - (ANSWER)The org's ability to profit (maintain or increase resource capability) w/out
depleting critical resources, including its human resources (Human Capital).
How to create a competitive HR Advantage - (ANSWER)Sustain capabilities: Value, rarity, inimitability,
non-substitutability
Categories of SHRM Development - (ANSWER)Administrative Services (transactional), Business Partner
(Traditional), Strategic Partner (Transformational)
Administrative Services (transactional) - (ANSWER)Daily activity, low strategic value. Ex: Record keeping,
employee services, benefits admin
Business Partner Services (Traditional) - (ANSWER)Moderate Strategic Value. Ex: Recruitment and
Selection, Training, Performance mgmt, comp, employee benefits
Strategic Partner (Transformational) - (ANSWER)Long-term vision, greatest strategic value. Ex:
Knowledge mgmt, cultural change, mgmt development
Critical resource of HRM - (ANSWER)Human Capital: the quality and performance level of an
organization's human resources (employees) KSAs + future potential.
HRM - (ANSWER)Achieving desired organizational performance through HR policies, systems and
practices that motivate desired employee behavior, attitudes and individual performances.
Primary Goals of HRM - (ANSWER)Attract, select, retain, develop and motivate (High Performance Work
Systems)
Sub-Functions of HRM - (ANSWER)Employment law, job analysis and design, HR planning, recruiting &
selection, training & development, performance mgmt, talent mgmt, separation & retention,
compensation (salary & benefits), safety & health (OSHA), labor relations
Sustainability - (ANSWER)The org's ability to profit (maintain or increase resource capability) w/out
depleting critical resources, including its human resources (Human Capital).
How to create a competitive HR Advantage - (ANSWER)Sustain capabilities: Value, rarity, inimitability,
non-substitutability
Categories of SHRM Development - (ANSWER)Administrative Services (transactional), Business Partner
(Traditional), Strategic Partner (Transformational)
Administrative Services (transactional) - (ANSWER)Daily activity, low strategic value. Ex: Record keeping,
employee services, benefits admin
Business Partner Services (Traditional) - (ANSWER)Moderate Strategic Value. Ex: Recruitment and
Selection, Training, Performance mgmt, comp, employee benefits
Strategic Partner (Transformational) - (ANSWER)Long-term vision, greatest strategic value. Ex:
Knowledge mgmt, cultural change, mgmt development
