HRM324T Topic 2 Quick Check

1. Which of the following is NOT a function of Human Resources?

• Human Resource Information System
• Recruiting
• Performance Management
• Risk Management

2. What is human resource strategy?

• A strategy in which employees are given duties to perform to achieve long-term business results
• The policies, practices, and systems that manage the interface between the organization and its employees in order to enable long-term organizational performance
• A strategy in which management aligns the people to the business in order to enable long-term organizational performance
• The alignment between management and employees to develop goals focused on business results

3. Total rewards plays a(n) ________ role in the business strategy.

• Not important
• Not very important
• Vital
• Important

4. What is a cost leadership strategy?

• Having a lower-cost product or service at the lowest priority throughout its processes
• Having a higher-cost product or service at the lowest priority throughout its processes
• Having a higher-cost product or service at the highest priority throughout its processes
• Having a lower-cost product or service at the highest priority throughout its processes

5. What is a niche-focused strategy?

• When an organization chooses a large, varied market and competes among many competitors
• When an organization chooses a small market, but has many competitors
• When an organization chooses to compete in a medium sized market with few competitors
• When an organization chooses a small and segmented market and competes only in that small arena

6. What is a communication strategy?

• The plan for sharing the compensation strategy with employees and receiving their ongoing feedback
• The plan for sharing coworkers’ salary data
• The plan for communicating with other HR professionals to understand market data
• The plan for communicating with employees about competitive salaries

7. Strategic human resource management ensures that HR practices are aligned with the ________ ________ in general and critical success factors in particular.

• employee preferences
• management goals
• business strategy
• market trends

8. What is the total rewards content strategy?

• Experienced-based rewards offered
• Type, level, and combination of rewards offered
• A negotiation between management and the employee for total rewards offered
• Market-driven levels of rewards offered

9. What is a business strategy?

A strategy that a business uses to gain market share among its competitors
A plan that an organization uses to prepare for the upcoming fiscal year
A collection of decisions on how to ensure financial stability
The collection of decisions, approaches, and activities that allow an organization to compete and win

10. What is a differentiation strategy?

Creating an atmosphere of making an absolute differentiation of products between competitors
A strategy used by statisticians developing ways for a company to create more market value
A price strategy focusing on the business’s net income
Placing a high priority on providing innovative, exceptional, and high-quality products and/or services to customers

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