Exam 1: The World of Human Resources Management

HRM plays an important role in organizations by balancing the sometimes competing demands of which of the following?

XYZ Inc. decided to lay off a relatively large proportion of their employees due to poorer-than-anticipated financial performance. What is this an example of?

Human resource management issues can be managed by human resource managers only.

Which of the following is a key benefit for organizations when they rehire retirees?

Scenario 1.1 Canada Proud is a small food processing company located in northern British Columbia. Recently, it has faced pressures from competitors who have been able to produce similar products more cheaply. The owners of Canada Proud are looking into the possibility of starting a branch of the company in Mexico. Trade agreements among countries around the globe help companies like Canada Proud in becoming globally competitive. However, the company is aware that there may be opposition to such a move, especially if it affects the future viability of its current operations. -Refer to Scenario 1.1. How can locating a new division in Mexico help the company become more competitive?

Scenario 1.1 Canada Proud is a small food processing company located in northern British Columbia. Recently, it has faced pressures from competitors who have been able to produce similar products more cheaply. The owners of Canada Proud are looking into the possibility of starting a branch of the company in Mexico. Trade agreements among countries around the globe help companies like Canada Proud in becoming globally competitive. However, the company is aware that there may be opposition to such a move, especially if it affects the future viability of its current operations. -Refer to Scenario 1.1. Which trade agreement would be applicable in Canada Proud's case?

An increased reliance on outsourcing is likely to increase the morale and productivity of the employees that remain on the job.

What was the first major trade agreement of the twentieth century to establish rules and guidelines for global commerce?

Managing diversity means ensuring all employees are treated equally.

ABC Bank is experiencing rapid retirement of baby boomers. The bank needs to retain its employment levels because of the volume of work, and it does not want to increase the workload of its employees. Which of the following is a good strategy for the bank to pursue to address this situation?

Today, a larger percentage of university graduates are women compared to men.

ABC Corporation wants to expand on its markets in its new strategic plan. The plan covers the use of key resources available to the firm, including technology, people, and access to capital. Which of the following would be a critical human capital component of the plan?

To achieve sustainable competitive advantage through people, an organization's employees' skills, knowledge, and abilities must be widely available in the labour market.

Which of the following is a key responsibility of the human resources manager?

Many Canadian firms are shifting some of their work and jobs to overseas locations. What is this business practice called?

Top management increasingly expects HR managers to reduce their level of involvement in the overall strategy of the organization and concentrate on improving administrative efficiency.

Company A has decided to hire someone outside the company to perform tasks that could be done internally. What is this practice called?

Organizations known for product and service quality recognize the importance of employees in fostering quality improvements.

Family-friendly companies may risk alienating those employees who cannot utilize benefits provided.

ABC Inc. is planning to sell its products to new markets outside North America in anticipation of changes in NAFTA. What type of change management is ABC Inc. practising?