BPS EXAM QUESTIONS AND
ANSWERS ALL CORRECT
The text discusses three areas a firm must be concerned with in order to keep their best
and brightest employees from leaving. These include all of the following EXCEPT
A. hiring/selecting.
B. sorting/absorbing.
C. developing.
D. retaining. - Answer-B. sorting/absorbing.
Managing a knowledge intensive workforce is very challenging. The best way for a firm
to manage its workforce is to
A. retain knowledge workers.
B. attract the brightest employees.
C. balance efforts in the attraction, selection, and retention of top talent.
D. ensure that it pays higher salaries than its rivals. - Answer-C. balance efforts in the
attraction, selection, and retention of top talent.
Firms must compete for top talent. When attracting and selecting employees, firms must
strive to select the best fit for both the employee and the firm. In an effort to reduce
wasted time and effort in interviewing too many candidates while assuring a good
candidate pool, a firm should
A. run employment ads in the newspaper.
B. use a pre-interview quiz or "bozo filter" (e.g., Cooper Software).
C. only let lower level employees interview job candidates.
D. refrain from hiring by referrals from present employees. - Answer-B. use a pre-
interview quiz or "bozo filter" (e.g., Cooper Software).
Many companies use referrals by current employees as a source for new hiring and
even monetarily reward them for the following reasons:
A. it is less expensive than the fees paid to headhunters.
B. current employees are normally very careful in recommending someone because
their credibility is on the line.
C. it is a good test of employee loyalty.
,D. both because current employees are careful in their recommendations because of
their credibility and also because it is less expensive than the fees paid to headhunters.
- Answer-D. both because current employees are careful in their recommendations
because of their credibility and also because it is less expensive than the fees paid to
headhunters.
or just
current employees are careful in their recommendations; it is less expensive than the
fees paid to headhunters
ABC, Incorporated desires to have the most qualified people in every position
throughout its organization. This is an example of a concern for
A. developing human capital.
B. developing social networks.
C. decreasing labor intensive training.
D. leveraging organizational structure. - Answer-A. developing human capital.
Developing human capital is essential to maintaining a competitive advantage in today's
knowledge economy. Efforts and initiatives to develop human capital should be directed
A. at top managers.
B. at human resource departments.
C. at the employees themselves.
D. throughout the firm at all levels. - Answer-D. throughout the firm at all levels.
Maintaining a competitive workforce is very challenging in today's economy. The role of
evaluating human capital, in recent years, has
A. increased.
B. decreased.
C. become less important.
D. remained the same. - Answer-A. increased.
In a 360-degree evaluation and feedback system, __________ rate a person's skill and
performance.
A. superiors
B. direct reports
C. colleagues
D. all of these - Answer-D. all of these
Attracting and retaining human capital is a challenge for many firms today. Firms
experiencing high turnover should
,A. focus on increased recruiting.
B. decrease money spent on human capital.
C. make their work environment less stimulating.
D. adopt effective retention strategies. - Answer-D. adopt effective retention strategies.
In order to take advantage of investment in human capital, a firm should
A. rotate workers through functions in the company as quickly as possible.
B. refrain from training individual employees.
C. establish practices that will enhance employee retention.
D. none of these. - Answer-C. establish practices that will enhance employee retention.
The least effective way to retain human capital is
A. encouraging employee identification with organizational mission and goals.
B. requiring employees to sign agreements that prevent them from working for
competitors in the future.
C. providing employees with a challenging and stimulating work environment.
D. providing employees with financial and nonfinancial rewards and incentives. -
Answer-B. requiring employees to sign agreements that prevent them from working for
competitors in the future.
The Cisco acquisition of Pure Digital Technologies, the parent of the Flip video camera,
failed because
a. Cisco had valuable competencies
b. the Flip division of Cisco was slow and less responsive to market pressures
c. consumers continued to purchase the camera. - Answer-b. the flip division of Cisco
was slow and less responsive to market pressures
Which of the following is not a reason for merger and acquisition failures?
a. the acquiring company pays a premium for the common stock of the target company
b. top executives act in their best interests rather than those of the shareholders
c. the acquired company assets are poorly integrated into the acquiring company
business lines
d. the acquisition leads to value creation - Answer-d. the acquisition leads to value
creation
Corporate-level strategy focuses on
a. gaining long-term revenue
b. gaining short term profits
c. decreasing business locations
d. managing investment bankers and their interests - Answer-a. gaining long-term
revenue
, An acquisition that results in ___________ indicates that expectations were not met.
a. expansion
b. divestiture
c. cost savings
d. increased sales - Answer-b. divestiture
In 2012, Microsoft admitted to major _______ mistake when it wrote off essentially the
entire 6.2 billion USD it paid for a digital advertising firm, quantive, that it purchased in
2007.
a. expansion
b. divestiture
c. cost savings
d. acquisition - Answer-d. acquisition
If a multinational firm is unable to understand how the acquired company's assets would
fit with their own lines of business, this can lead to
a. expansion
b. divestiture
c. cost savings
d. acquisition - Answer-b. divestiture
If a multinational firm paid too high for a premium for the common stock of the company,
this can lead to
a. expansion
b. cost savings
c. divestiture
d. acquisition - Answer-c. divestiture
If a multinational company's motive for the acquisition may have been to enhance
executives powers and prestige rather than to improve shareholder return, this can lead
to
a. divestiture
b. cost savings
c. expansion
d. aquisition - Answer-a. divestiture
If a multinational firm fails to effectively integrate their acquisition, this can result in
a. cost savings
b. divestiture
ANSWERS ALL CORRECT
The text discusses three areas a firm must be concerned with in order to keep their best
and brightest employees from leaving. These include all of the following EXCEPT
A. hiring/selecting.
B. sorting/absorbing.
C. developing.
D. retaining. - Answer-B. sorting/absorbing.
Managing a knowledge intensive workforce is very challenging. The best way for a firm
to manage its workforce is to
A. retain knowledge workers.
B. attract the brightest employees.
C. balance efforts in the attraction, selection, and retention of top talent.
D. ensure that it pays higher salaries than its rivals. - Answer-C. balance efforts in the
attraction, selection, and retention of top talent.
Firms must compete for top talent. When attracting and selecting employees, firms must
strive to select the best fit for both the employee and the firm. In an effort to reduce
wasted time and effort in interviewing too many candidates while assuring a good
candidate pool, a firm should
A. run employment ads in the newspaper.
B. use a pre-interview quiz or "bozo filter" (e.g., Cooper Software).
C. only let lower level employees interview job candidates.
D. refrain from hiring by referrals from present employees. - Answer-B. use a pre-
interview quiz or "bozo filter" (e.g., Cooper Software).
Many companies use referrals by current employees as a source for new hiring and
even monetarily reward them for the following reasons:
A. it is less expensive than the fees paid to headhunters.
B. current employees are normally very careful in recommending someone because
their credibility is on the line.
C. it is a good test of employee loyalty.
,D. both because current employees are careful in their recommendations because of
their credibility and also because it is less expensive than the fees paid to headhunters.
- Answer-D. both because current employees are careful in their recommendations
because of their credibility and also because it is less expensive than the fees paid to
headhunters.
or just
current employees are careful in their recommendations; it is less expensive than the
fees paid to headhunters
ABC, Incorporated desires to have the most qualified people in every position
throughout its organization. This is an example of a concern for
A. developing human capital.
B. developing social networks.
C. decreasing labor intensive training.
D. leveraging organizational structure. - Answer-A. developing human capital.
Developing human capital is essential to maintaining a competitive advantage in today's
knowledge economy. Efforts and initiatives to develop human capital should be directed
A. at top managers.
B. at human resource departments.
C. at the employees themselves.
D. throughout the firm at all levels. - Answer-D. throughout the firm at all levels.
Maintaining a competitive workforce is very challenging in today's economy. The role of
evaluating human capital, in recent years, has
A. increased.
B. decreased.
C. become less important.
D. remained the same. - Answer-A. increased.
In a 360-degree evaluation and feedback system, __________ rate a person's skill and
performance.
A. superiors
B. direct reports
C. colleagues
D. all of these - Answer-D. all of these
Attracting and retaining human capital is a challenge for many firms today. Firms
experiencing high turnover should
,A. focus on increased recruiting.
B. decrease money spent on human capital.
C. make their work environment less stimulating.
D. adopt effective retention strategies. - Answer-D. adopt effective retention strategies.
In order to take advantage of investment in human capital, a firm should
A. rotate workers through functions in the company as quickly as possible.
B. refrain from training individual employees.
C. establish practices that will enhance employee retention.
D. none of these. - Answer-C. establish practices that will enhance employee retention.
The least effective way to retain human capital is
A. encouraging employee identification with organizational mission and goals.
B. requiring employees to sign agreements that prevent them from working for
competitors in the future.
C. providing employees with a challenging and stimulating work environment.
D. providing employees with financial and nonfinancial rewards and incentives. -
Answer-B. requiring employees to sign agreements that prevent them from working for
competitors in the future.
The Cisco acquisition of Pure Digital Technologies, the parent of the Flip video camera,
failed because
a. Cisco had valuable competencies
b. the Flip division of Cisco was slow and less responsive to market pressures
c. consumers continued to purchase the camera. - Answer-b. the flip division of Cisco
was slow and less responsive to market pressures
Which of the following is not a reason for merger and acquisition failures?
a. the acquiring company pays a premium for the common stock of the target company
b. top executives act in their best interests rather than those of the shareholders
c. the acquired company assets are poorly integrated into the acquiring company
business lines
d. the acquisition leads to value creation - Answer-d. the acquisition leads to value
creation
Corporate-level strategy focuses on
a. gaining long-term revenue
b. gaining short term profits
c. decreasing business locations
d. managing investment bankers and their interests - Answer-a. gaining long-term
revenue
, An acquisition that results in ___________ indicates that expectations were not met.
a. expansion
b. divestiture
c. cost savings
d. increased sales - Answer-b. divestiture
In 2012, Microsoft admitted to major _______ mistake when it wrote off essentially the
entire 6.2 billion USD it paid for a digital advertising firm, quantive, that it purchased in
2007.
a. expansion
b. divestiture
c. cost savings
d. acquisition - Answer-d. acquisition
If a multinational firm is unable to understand how the acquired company's assets would
fit with their own lines of business, this can lead to
a. expansion
b. divestiture
c. cost savings
d. acquisition - Answer-b. divestiture
If a multinational firm paid too high for a premium for the common stock of the company,
this can lead to
a. expansion
b. cost savings
c. divestiture
d. acquisition - Answer-c. divestiture
If a multinational company's motive for the acquisition may have been to enhance
executives powers and prestige rather than to improve shareholder return, this can lead
to
a. divestiture
b. cost savings
c. expansion
d. aquisition - Answer-a. divestiture
If a multinational firm fails to effectively integrate their acquisition, this can result in
a. cost savings
b. divestiture
