HUMAN RESOURCE MANAGEMENT
EXAM 1 (INTRODUCTION QUESTIONS
WITH ANSWERS)
What is human resources? - CORRECT ANSWERS -set of resources the organization utilizes and
maximizes to make the organization more effective
What are the three perspectives of adding value to organizations? - CORRECT ANSWERS -Lifecycle
Perspective, Stakeholder Perspective, and Chain of Success
What are the two business-level strategies? - CORRECT ANSWERS -Cost leadership and differentiation
What are the six HR functions? - CORRECT ANSWERS -Business Management and Strategy, Workplace
Planning and Employment, Human Resource Development, Compensation and Benefits, Employee and
Labor Relations, Risk Management
What are the four stages of the lifecycle perspective? - CORRECT ANSWERS –
1.nEntrepreneurialnStage
2.nCommunalnStage
3.nFormalizationnStage
4.nElaborationnStage
Whatnarenthenfourntypesnofnstakeholders?n-nCORRECTnANSWERSn-
Employees,ncustomers,nowners,nandnsociety
EXAM 1 (INTRODUCTION QUESTIONS
WITH ANSWERS)
What is human resources? - CORRECT ANSWERS -set of resources the organization utilizes and
maximizes to make the organization more effective
What are the three perspectives of adding value to organizations? - CORRECT ANSWERS -Lifecycle
Perspective, Stakeholder Perspective, and Chain of Success
What are the two business-level strategies? - CORRECT ANSWERS -Cost leadership and differentiation
What are the six HR functions? - CORRECT ANSWERS -Business Management and Strategy, Workplace
Planning and Employment, Human Resource Development, Compensation and Benefits, Employee and
Labor Relations, Risk Management
What are the four stages of the lifecycle perspective? - CORRECT ANSWERS –
1.nEntrepreneurialnStage
2.nCommunalnStage
3.nFormalizationnStage
4.nElaborationnStage
Whatnarenthenfourntypesnofnstakeholders?n-nCORRECTnANSWERSn-
Employees,ncustomers,nowners,nandnsociety
