MGMT 201 Exam 1 Review (Ch. 1-3)
Questions and Answers | Graded A||
LATEST UPDATE 2026
human resource management -CORRECTANSWER Design of formal systems in an
organization to manage human talent for accomplishing organizational goals
Which of the following is NOT an issue for smaller organizations?
A. Shortage of qualified workers
B. Excess of qualified workers
C. Rising payroll taxes
D. Government regulation compliance -CORRECTANSWER B. Excess of qualified
workers
A Unique capability that creates high value in which an organization excels:
A. Intellectual capital
B. Organizational culture
C. Core competency
D. Customer service/quality -CORRECTANSWER C. Core competency
Which of the following statements is true of the functions of human resource
management?
,a. It is a clerical operation in large companies concerned with payroll and employee
records.
b. It refers to a department which looks into the legal ramifications of policies and
procedures that affect only the employees in an organization.
c. It is a function concerned with costs, planning, and the implications of various
strategies for organizations.
d. It refers to a design of formal systems in an organization to manage human talent for
accomplishing organizational goals. -CORRECTANSWER D. It refers to a design of
formal systems in an organization to manage human talent for accomplishing
organizational goals.
How is unit labor cost computed?
a. By dividing the total cost of workers by the total level of output
b. By dividing the total level of output by the total cost of workers
c. By dividing the average level of output by the average cost of workers
d. By dividing the average cost of workers by their average levels of output -
CORRECTANSWER D. By dividing the average cost of workers by their average levels
of output
_____, a method to increase employee productivity, involves having fewer employees
who perform multiple job tasks.
a. Organizational restructuring
b. Aligning HR activity
,c. Outsourcing
d. Redesigning work -CORRECTANSWER d. Redesigning work
Which is NOT one of the four types of organizational assets?
a. Physical
b. Financial
c. Cultural
d. Intellectual Property
e. Human -CORRECTANSWER c. Cultural
Collective value of the capabilities, knowledge, skills, life experiences, and motivation of
an organizational workforce= -CORRECTANSWER Human Capital
True/false: HR is becoming a more strategic part of well-run organizations. -
CORRECTANSWER True
Which of the following is NOT a role of HR management?
a. Administrative
b. Purchasing
c. Operational and Employee Advocate
d. Strategic -CORRECTANSWER b. Purchasing
, What term describes a citizen of one country working in a second country who is
employed by an organization based in the first country?
a. Patriot
b. Expatriate
c. Host-country national
d. Third country national -CORRECTANSWER b. Expatriate
True/false: Females now make up more than half of the U.S. executive work force. -
CORRECTANSWER True
True/False: Labor Day started in the U.S. -CORRECTANSWER FALSE!
Started in Canada
True/False: Something that is ethical has to be legal. -CORRECTANSWER FALSE!
EX. stealing food for your kids if they are starving
The major legislation regarding U.S. companies and ethics is called:
a. The Patriot Act
b. The Americans with Disabilities Act
c. The Sarbanes-Oxley Act
d. The Brady Bill -CORRECTANSWER c. The Sarbanes-Oxley Act
An HR professional who works in a specific area of the discipline is called:
Questions and Answers | Graded A||
LATEST UPDATE 2026
human resource management -CORRECTANSWER Design of formal systems in an
organization to manage human talent for accomplishing organizational goals
Which of the following is NOT an issue for smaller organizations?
A. Shortage of qualified workers
B. Excess of qualified workers
C. Rising payroll taxes
D. Government regulation compliance -CORRECTANSWER B. Excess of qualified
workers
A Unique capability that creates high value in which an organization excels:
A. Intellectual capital
B. Organizational culture
C. Core competency
D. Customer service/quality -CORRECTANSWER C. Core competency
Which of the following statements is true of the functions of human resource
management?
,a. It is a clerical operation in large companies concerned with payroll and employee
records.
b. It refers to a department which looks into the legal ramifications of policies and
procedures that affect only the employees in an organization.
c. It is a function concerned with costs, planning, and the implications of various
strategies for organizations.
d. It refers to a design of formal systems in an organization to manage human talent for
accomplishing organizational goals. -CORRECTANSWER D. It refers to a design of
formal systems in an organization to manage human talent for accomplishing
organizational goals.
How is unit labor cost computed?
a. By dividing the total cost of workers by the total level of output
b. By dividing the total level of output by the total cost of workers
c. By dividing the average level of output by the average cost of workers
d. By dividing the average cost of workers by their average levels of output -
CORRECTANSWER D. By dividing the average cost of workers by their average levels
of output
_____, a method to increase employee productivity, involves having fewer employees
who perform multiple job tasks.
a. Organizational restructuring
b. Aligning HR activity
,c. Outsourcing
d. Redesigning work -CORRECTANSWER d. Redesigning work
Which is NOT one of the four types of organizational assets?
a. Physical
b. Financial
c. Cultural
d. Intellectual Property
e. Human -CORRECTANSWER c. Cultural
Collective value of the capabilities, knowledge, skills, life experiences, and motivation of
an organizational workforce= -CORRECTANSWER Human Capital
True/false: HR is becoming a more strategic part of well-run organizations. -
CORRECTANSWER True
Which of the following is NOT a role of HR management?
a. Administrative
b. Purchasing
c. Operational and Employee Advocate
d. Strategic -CORRECTANSWER b. Purchasing
, What term describes a citizen of one country working in a second country who is
employed by an organization based in the first country?
a. Patriot
b. Expatriate
c. Host-country national
d. Third country national -CORRECTANSWER b. Expatriate
True/false: Females now make up more than half of the U.S. executive work force. -
CORRECTANSWER True
True/False: Labor Day started in the U.S. -CORRECTANSWER FALSE!
Started in Canada
True/False: Something that is ethical has to be legal. -CORRECTANSWER FALSE!
EX. stealing food for your kids if they are starving
The major legislation regarding U.S. companies and ethics is called:
a. The Patriot Act
b. The Americans with Disabilities Act
c. The Sarbanes-Oxley Act
d. The Brady Bill -CORRECTANSWER c. The Sarbanes-Oxley Act
An HR professional who works in a specific area of the discipline is called:
