Exam 2: Strategy and Human Resources Planning

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Cross-training and job rotations are intended to improve the __________ of an organization.

(Multiple Choice)
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Stacy's company has made a long-term commitment to her, investing in her continuous training and development, and even giving her an equity stake in the organization. Stacy is most likely a strategic knowledge employee.

(True/False)
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The process of setting procedures for making decisions about an organization's long-term goals is called

(Multiple Choice)
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Bill bought shares of stock in XLT Corp. As an investor, Bill is a __________ of the company.

(Multiple Choice)
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Renee needs to measure how well the new hires in her organization are performing so that the organization will have enough top performers to propel it towards its strategic objectives. She can use a quality-of-fill metric to accomplish this task.

(True/False)
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Qualitative HR forecasting techniques generally employ sophisticated analytical models.

(True/False)
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Strategic planning involves a set of procedures for making decisions about an organization's long-term goals and strategies.

(True/False)
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The target company for benchmarking does not need to be a competitor.

(True/False)
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In a unionized organization, layoff decisions are usually based on

(Multiple Choice)
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Sally is looking at her company's practices and performance in a specific area and comparing them with other companies. Sally is engaged in the process of benchmarking.

(True/False)
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Corporate strategy focuses on domain selection.

(True/False)
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Describe the three key elements of the HR forecasting model.

(Essay)
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At the fundamental level, a firm's strategy should focus on creating value for

(Multiple Choice)
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A company that utilizes a differentiation strategy is competing on the basis of providing something unique to its customers.

(True/False)
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In order to be prepared to quickly fill potential job openings with internal candidates, Mary should use skill and management inventories to create an employee replacement chart.

(True/False)
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Describe the criteria necessary for firms to achieve sustained competitive advantage through people.

(Essay)
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Among Paula's responsibilities are identifying, developing, and tracking talented individuals so that they may eventually assume top-level positions within the firm. Paula is responsible for succession planning.

(True/False)
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When a firm's resources improve the efficiency or effectiveness of the company, the resources are always considered to be

(Multiple Choice)
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One reason that large companies are able to succeed when competing based on a low-cost strategy is that they are able to take advantage of economies of scale.

(True/False)
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Core values are the essence of corporate cultures and an expression of their personality.

(True/False)
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