1. In order to achieve success implementing change, what two concepts do HR managers need to match together?
a. motivation and hiring practicesb. position modules and salary theories
c. principles and salary theoriesd. HRM practices and organizational goals
ANSWER: d
2. What type of strategy is an agreed-upon plan that is arrived at through formal planning processes?
a. discardedb. emergent
c. realizedd. intended
ANSWER: d
3. Managers in a department store have decided that the shoe department is not a profitable part of the store and that it would be better suited to being an independent organization that rented space from the store. What type of strategy is demonstrated if the shoe department is separated from the department store into a separate entity?
a. mergerb. divestiture
c. bankruptcyd. growth
ANSWER: b
4. What type of corporate objective is represented by the ratio “return on investment?”
a. softb. short-term
c. long-termd. hard
ANSWER: d
5. What are the two primary types of inputs that influence an organization’s competitive advantage?
a. profitability and human capitalb. reputation and superior performance
c. culture and distinct advantaged. capabilities and tangible assets
ANSWER: d
6. What type of competency is represented by resources and capabilities that serve as a firm’s competitive advantage?
a. coreb. central
c. culturald. collective
ANSWER: a
7. Which of the following represents either a growth or a stability strategy?
a. mergerb. turnaround
c. bankruptcyd. liquidation
ANSWER: a
8. If employees understand the behaviours and performance levels that will be rewarded on the job, what type of benefit is produced that will help managers formulate a strategy?
a. clarityb. incentives
c. changed. efficiency
ANSWER: b
9. What is a tangible corporate goal that represents a point of view about the competitive positions a company hopes to build over a decade?
a. strategic planb. strategic intent
c. strategic implementationd. strategic formulation
ANSWER: b
10. If a formulated plan is called an intended strategy, what strategy depicts the implemented plan?
a. intentionalb. ideal
c. realizedd. predicted
ANSWER: c
11. If an organization fails to engage in strategic planning, it will be burdened by many challenges. Which of the following is NOT one of these challenges?
a. failure to involve senior managers and executives so that there is no buy-in
b. failure to use the plan as the guide to make decisions and evaluate performance
c. failure to align incentives and other HR policies to the achievement of strategy
d. failure to incorporate information generated from 360-degree reviews
ANSWER: d
12. Which strategy is synonymous with logical incrementalism?
a. intendedb. emergent
c. discardedd. realized
ANSWER: b
13. What strategic concept demonstrates those activities that employees and managers of an organization undertake to enact the strategic plan and achieve the performance goals?
a. strategy implementationb. strategy formulation
c. strategic planningd. strategic intent
ANSWER: a
14. Which of the following represents a restructuring strategy?
a. mergerb. liquidation
c. incrementald. joint venture
ANSWER: b
15. McDonald’s incorporated many unique strategies to turn the restaurant around. Which of the following is part of a different restaurant’s corporate strategy?
a. focusing on healthy food choices
b. allowing free refills for all beverages
c. introducing new foods that reflected regional food interests
d. opening stores in non-traditional locations
ANSWER: c
16. If a firm is applying a growth strategy, it will typically be focused on certain HR practices. Which of the following activities represent strategies that are NOT a growth strategy?
a. motivation and hiring practicesb. position modules and salary theories
c. principles and salary theoriesd. HRM practices and organizational goals
ANSWER: d
2. What type of strategy is an agreed-upon plan that is arrived at through formal planning processes?
a. discardedb. emergent
c. realizedd. intended
ANSWER: d
3. Managers in a department store have decided that the shoe department is not a profitable part of the store and that it would be better suited to being an independent organization that rented space from the store. What type of strategy is demonstrated if the shoe department is separated from the department store into a separate entity?
a. mergerb. divestiture
c. bankruptcyd. growth
ANSWER: b
4. What type of corporate objective is represented by the ratio “return on investment?”
a. softb. short-term
c. long-termd. hard
ANSWER: d
5. What are the two primary types of inputs that influence an organization’s competitive advantage?
a. profitability and human capitalb. reputation and superior performance
c. culture and distinct advantaged. capabilities and tangible assets
ANSWER: d
6. What type of competency is represented by resources and capabilities that serve as a firm’s competitive advantage?
a. coreb. central
c. culturald. collective
ANSWER: a
7. Which of the following represents either a growth or a stability strategy?
a. mergerb. turnaround
c. bankruptcyd. liquidation
ANSWER: a
8. If employees understand the behaviours and performance levels that will be rewarded on the job, what type of benefit is produced that will help managers formulate a strategy?
a. clarityb. incentives
c. changed. efficiency
ANSWER: b
9. What is a tangible corporate goal that represents a point of view about the competitive positions a company hopes to build over a decade?
a. strategic planb. strategic intent
c. strategic implementationd. strategic formulation
ANSWER: b
10. If a formulated plan is called an intended strategy, what strategy depicts the implemented plan?
a. intentionalb. ideal
c. realizedd. predicted
ANSWER: c
11. If an organization fails to engage in strategic planning, it will be burdened by many challenges. Which of the following is NOT one of these challenges?
a. failure to involve senior managers and executives so that there is no buy-in
b. failure to use the plan as the guide to make decisions and evaluate performance
c. failure to align incentives and other HR policies to the achievement of strategy
d. failure to incorporate information generated from 360-degree reviews
ANSWER: d
12. Which strategy is synonymous with logical incrementalism?
a. intendedb. emergent
c. discardedd. realized
ANSWER: b
13. What strategic concept demonstrates those activities that employees and managers of an organization undertake to enact the strategic plan and achieve the performance goals?
a. strategy implementationb. strategy formulation
c. strategic planningd. strategic intent
ANSWER: a
14. Which of the following represents a restructuring strategy?
a. mergerb. liquidation
c. incrementald. joint venture
ANSWER: b
15. McDonald’s incorporated many unique strategies to turn the restaurant around. Which of the following is part of a different restaurant’s corporate strategy?
a. focusing on healthy food choices
b. allowing free refills for all beverages
c. introducing new foods that reflected regional food interests
d. opening stores in non-traditional locations
ANSWER: c
16. If a firm is applying a growth strategy, it will typically be focused on certain HR practices. Which of the following activities represent strategies that are NOT a growth strategy?