SHRM CP EXAM New 2024 / Questions With
Complete Solution Graded (A+)
Quiz :Career Planning - Answer :Actions & activities that individuals perform in
order to give direction to their work lives.
Quiz :Brain drain - Answer :Exit of educated & skilled citizens from emerging
& developing countries for better paying jobs in developed countries.
Quiz :Auditory learners - Answer :People who learn best by relying on their
sense of hearing.
Quiz :Andragogy - Answer :Study of how adults learn.
Quiz :Cost-of-living adjustment (COLA) - Answer :Pay adjustment given to
eligible employees regardless of performance or organizational profitability;
usually linked to inflation.
Quiz :Compa-ratio - Answer :Pay rate divided by the midpoint of the pay
range.
Quiz :Broadbanding - Answer :Combining several salary grades or job
classifications with narrow pay ranges unto one brand with a wider salary
spread.
Quiz :Behavioral interview - Answer :Type of interview that focuses on how
applicants previously handled real situations.
Quiz :Applicant tracking software (ATS) - Answer :Software that provides an
automated way for organizations to manage the recruiting process.
Quiz :Developmental activities - Answer :Activities that focus on preparing
employees for future responsibilities while increasing their capacity to perform
their current jobs.
Quiz :Compensation - Answer :All financial returns (beyond any benefits
payments or services), including salary and allowances.
, Quiz :Career development - Answer :Process by which employees progress
through a series of stages in their careers, each of which is characterized by
relatively unique, themes, and tasks.
Quiz :Benefits - Answer :Payments or services provided to employees to cover
issues such as retirement, health care, sick pay/disability schemes, life
insurance, and paid time off.
Quiz :Apprenticeship - Answer :Related to technical skills training; often a
partnership between employers and unions.
Quiz :Competency-based interview - Answer :Type of interview in which the
interviewer asks questions related to competencies for the position and asks
candidates to provide examples of times they demonstrated the competencies.
Quiz :ADDIE model - Answer :5 step instructional design process that governs
the development of learning programs.
Quiz :Assessment centers - Answer :Assessment tools that provide candidates
a wide range of leadership situations and problem-solving exercises.
Quiz :Blended learning - Answer :Planned approach to learning that included
a combination of instructor-led training, self-directed study, and /or on-the-job
training.
Quiz :Career management - Answer :Preparing, implementing, and
monitoring employees' career paths, with a primary focus on the goals and
needs of the organization.
Quiz :Competencies - Answer :Clusters of highly interrelated attributes,
including knowledge, skills, or abilities (KSA) that give rise to the behaviors
needed to perform a given job effectively.
Quiz :Strategy - Answer :A plan of action for accomplishing an organization's
long-range goals.
Quiz :SWOT analysis - Answer :Process for assessing an organization's
strategic capabilities in comparison to threats and opportunities identified
during environmental scanning.
,Quiz :Value drivers - Answer :Actions, processes, or results that are needed to
deliver a desired value.
Quiz :Vision statement - Answer :Vivid, guiding image of an organization's
desired future, the future it hopes to attain through its strategy.
Quiz :Organizational values - Answer :Beliefs that are important to an
organization and often dictate employee behavior.
Quiz :Strategic fit - Answer :A state in which an organization's strategy is
consistent with its external opportunities and circumstances and its internal
structure, resources, and capabilities.
Quiz :Strategic management - Answer :The actions that leaders take to move
their organizations toward those goals and create value for all stakeholders.
Quiz :Strategic planning - Answer :The process of setting goals and designing a
path toward a competitive position.
Quiz :Metrics - Answer :Performance parameters based on the relationship
between 2 or more measures.
Quiz :Mission statement - Answer :Statement that specifies what activities an
organization intends to pursue and what course management has carted for
the future; a concise statement of its strategy.
Quiz :Net profit margin - Answer :Ratio of net income (gross sales minus
expenses and taxes) to net sales.
Quiz :Organizational culture - Answer :The basic beliefs and customs shared
by members of an organization that contribute to an organization's sense of its
identity.
Quiz :Income statement - Answer :Statement that reports revenues,
expenses, and net income (profit) for a specified period.
Quiz :Lagging indicator - Answer :Type of metric that describes an activity that
has already occurred.
, Quiz :Leading indicator - Answer :Type of metric that describes an activity that
can change future performance and indicate higher degree of success in
achieving strategic goals.
Quiz :Liabilities - Answer :Organization's debts and other financial obligations.
Quiz :Due diligence - Answer :Necessary level of care and attention that is
taken to investigate an action before it is taken.
Quiz :Environmental scanning - Answer :Process that involves a systematic
survey and interpretation of relevant data to identify external opportunities
and threats and to assess how these factors affect the organization currently
and how they are likely to affect the organization in the future.
Quiz :Equity - Answer :Amount of owners' or shareholders' portion of a
business.
Quiz :Gross profit margin - Answer :Ratio of gross profit to net sales.
Quiz :Benchmarking - Answer :Process that compares performance levels
and/or processes of one entity with those of another to identify performance
gaps and set goals aimed at improving performance.
Quiz :Blue ocean strategies - Answer :Strategies that generate competitive
advantage by creating a new marketplace arena in which there are no other
competitors.
Quiz :Business case - Answer :Presentation to management that establishes
that a specific problem exists and argues that the proposed solution is the best
way to solve the problem in terms of time, cost efficiency, and probability of
success.
Quiz :Cash flow statement - Answer :Statement the shows incoming and
outgoing cash in the areas of operations, investments, and financing and
remaining cash reserves; reflects an organization's ability to meet its current
and short-term obligations.
Quiz :Accounts payable - Answer :Money an organization owed its vendors
and suppliers.
Complete Solution Graded (A+)
Quiz :Career Planning - Answer :Actions & activities that individuals perform in
order to give direction to their work lives.
Quiz :Brain drain - Answer :Exit of educated & skilled citizens from emerging
& developing countries for better paying jobs in developed countries.
Quiz :Auditory learners - Answer :People who learn best by relying on their
sense of hearing.
Quiz :Andragogy - Answer :Study of how adults learn.
Quiz :Cost-of-living adjustment (COLA) - Answer :Pay adjustment given to
eligible employees regardless of performance or organizational profitability;
usually linked to inflation.
Quiz :Compa-ratio - Answer :Pay rate divided by the midpoint of the pay
range.
Quiz :Broadbanding - Answer :Combining several salary grades or job
classifications with narrow pay ranges unto one brand with a wider salary
spread.
Quiz :Behavioral interview - Answer :Type of interview that focuses on how
applicants previously handled real situations.
Quiz :Applicant tracking software (ATS) - Answer :Software that provides an
automated way for organizations to manage the recruiting process.
Quiz :Developmental activities - Answer :Activities that focus on preparing
employees for future responsibilities while increasing their capacity to perform
their current jobs.
Quiz :Compensation - Answer :All financial returns (beyond any benefits
payments or services), including salary and allowances.
, Quiz :Career development - Answer :Process by which employees progress
through a series of stages in their careers, each of which is characterized by
relatively unique, themes, and tasks.
Quiz :Benefits - Answer :Payments or services provided to employees to cover
issues such as retirement, health care, sick pay/disability schemes, life
insurance, and paid time off.
Quiz :Apprenticeship - Answer :Related to technical skills training; often a
partnership between employers and unions.
Quiz :Competency-based interview - Answer :Type of interview in which the
interviewer asks questions related to competencies for the position and asks
candidates to provide examples of times they demonstrated the competencies.
Quiz :ADDIE model - Answer :5 step instructional design process that governs
the development of learning programs.
Quiz :Assessment centers - Answer :Assessment tools that provide candidates
a wide range of leadership situations and problem-solving exercises.
Quiz :Blended learning - Answer :Planned approach to learning that included
a combination of instructor-led training, self-directed study, and /or on-the-job
training.
Quiz :Career management - Answer :Preparing, implementing, and
monitoring employees' career paths, with a primary focus on the goals and
needs of the organization.
Quiz :Competencies - Answer :Clusters of highly interrelated attributes,
including knowledge, skills, or abilities (KSA) that give rise to the behaviors
needed to perform a given job effectively.
Quiz :Strategy - Answer :A plan of action for accomplishing an organization's
long-range goals.
Quiz :SWOT analysis - Answer :Process for assessing an organization's
strategic capabilities in comparison to threats and opportunities identified
during environmental scanning.
,Quiz :Value drivers - Answer :Actions, processes, or results that are needed to
deliver a desired value.
Quiz :Vision statement - Answer :Vivid, guiding image of an organization's
desired future, the future it hopes to attain through its strategy.
Quiz :Organizational values - Answer :Beliefs that are important to an
organization and often dictate employee behavior.
Quiz :Strategic fit - Answer :A state in which an organization's strategy is
consistent with its external opportunities and circumstances and its internal
structure, resources, and capabilities.
Quiz :Strategic management - Answer :The actions that leaders take to move
their organizations toward those goals and create value for all stakeholders.
Quiz :Strategic planning - Answer :The process of setting goals and designing a
path toward a competitive position.
Quiz :Metrics - Answer :Performance parameters based on the relationship
between 2 or more measures.
Quiz :Mission statement - Answer :Statement that specifies what activities an
organization intends to pursue and what course management has carted for
the future; a concise statement of its strategy.
Quiz :Net profit margin - Answer :Ratio of net income (gross sales minus
expenses and taxes) to net sales.
Quiz :Organizational culture - Answer :The basic beliefs and customs shared
by members of an organization that contribute to an organization's sense of its
identity.
Quiz :Income statement - Answer :Statement that reports revenues,
expenses, and net income (profit) for a specified period.
Quiz :Lagging indicator - Answer :Type of metric that describes an activity that
has already occurred.
, Quiz :Leading indicator - Answer :Type of metric that describes an activity that
can change future performance and indicate higher degree of success in
achieving strategic goals.
Quiz :Liabilities - Answer :Organization's debts and other financial obligations.
Quiz :Due diligence - Answer :Necessary level of care and attention that is
taken to investigate an action before it is taken.
Quiz :Environmental scanning - Answer :Process that involves a systematic
survey and interpretation of relevant data to identify external opportunities
and threats and to assess how these factors affect the organization currently
and how they are likely to affect the organization in the future.
Quiz :Equity - Answer :Amount of owners' or shareholders' portion of a
business.
Quiz :Gross profit margin - Answer :Ratio of gross profit to net sales.
Quiz :Benchmarking - Answer :Process that compares performance levels
and/or processes of one entity with those of another to identify performance
gaps and set goals aimed at improving performance.
Quiz :Blue ocean strategies - Answer :Strategies that generate competitive
advantage by creating a new marketplace arena in which there are no other
competitors.
Quiz :Business case - Answer :Presentation to management that establishes
that a specific problem exists and argues that the proposed solution is the best
way to solve the problem in terms of time, cost efficiency, and probability of
success.
Quiz :Cash flow statement - Answer :Statement the shows incoming and
outgoing cash in the areas of operations, investments, and financing and
remaining cash reserves; reflects an organization's ability to meet its current
and short-term obligations.
Quiz :Accounts payable - Answer :Money an organization owed its vendors
and suppliers.
