Strategy Test with all Correct & 100% Verified Answers |
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Corporate governance ✔Correct Answer-system by which an organization is administered,
directed, and controlled
Corporate governance: Compliance ✔Correct Answer-the org. should comply with all
applicable legislation which directly relates to corporate governance
Corporate governance: Integrity/ethical behavior ✔Correct Answer-org. should have a code of
conduct for board members, executives, and other members that defines proper business
conduct and encourages ethical behavior
Corporate governance: rights and responsibility ✔Correct Answer-org. should formally define
the rights, roles, and responsibilities of members including rights/limitations for decision-
making in various positions and roles
Corporate governance: interest of stakeholders ✔Correct Answer-org. should recognize its
legal, contractual, social, and ethical obligations to ensure rights
Corporate governance: oversight and control ✔Correct Answer-org. should establish systems
to monitor compliance with established rules, policies, and practices
Major HR Functions ✔Correct Answer-(1) staffing, (2) performance evaluations, (3)
compensation and benefits, (4) training and development, (5) employee relations, (6) safety,
health, and security and (7) HR research.
HR Policies - 3 Major Purposes ✔Correct Answer-1. to reassure employees that they will be
treated fairly/objectively, 2. help managers make rapid/consistent decisions, 3. give managers
the confidence to resolve probelms
Employee handbook ✔Correct Answer-1. describe the important aspects of the employment
relationship that employees should know, 2.NOT the same as a policies manual, 3. mainly
summary information and written in understandable language
HR Manager or Executive ✔Correct Answer-VP, director, senior executives --> HR generalists
Sustainability officer ✔Correct Answer-HR specialist position, found in "green" companies to
assess and minimize the organization's environmental impact
, Human Resources Specialists ✔Correct Answer-professional/technical people who have
special expertise in one functional area
Advisory/Counseling Role - Management of Firm Infrastructure ✔Correct Answer-seen as
internal consultants to resolve human resource problems, give advice regarding
discipline/grievance issues, performance problems, job redesign
Service Role - Management of Firm Infrastructure ✔Correct Answer-perform activities that
can be provided more effectively through a centralized staff than through independent efforts
of several different units - recruiting, orientation training, record keeping, reporting
Control Role - Management of Firm Infrastructure ✔Correct Answer-functional authority,
required to control certain important policies/functions within the organization, establishes
policies/procedures and monitors compliance with them, seen as representatives or agents of
top management
Management of Employee Contributions ✔Correct Answer-represent/defend employees and
respond to their needs, purpose: increase employee commitment and competence, emotional
support, encourage participation, etc.
Management of Strategic HR ✔Correct Answer-interact with other leaders in the organization
to align HR functions with business strategy
Management of Transformational Change ✔Correct Answer-help the organization respond to
an ever-changing environment, role of change agent --> internal change agents
internal change agents ✔Correct Answer-members of the org. --> highly effective because
they are familiar with organization and its members, develop long-term relationships and
feelings of trust
Human Resource Competency Study (HRCS) Model ✔Correct Answer-created by Dave Ulrich,
3 core competencies and 6 enabling competencies
Strategic Competencies ✔Correct Answer-HRCS Model - need to have knowledge of business
context and strategy, must be able to apply the knowledge and point people in the right
direction
Credible Activists ✔Correct Answer-HRCS Model - must have relationships of trust and
influence with key people within the organization, must be able to get people moving in the
right direction
Paradox Investigator ✔Correct Answer-HRCS Model - must be able to navigate the many
paradoxical tensions in an organization (long vs. short term focus, centralized/decentralized
operations)