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BUS303 Humans Resources Management
Questions with Detailed Verified Answers
Business Mastery
Ans: competency involving a deep understanding of an organization business and its
technological economic, and financial aspect.
Corporate Government
Ans: The relationship between managers and shareholders that results in shared
corporate rights and responsibilities.
Evidence-based Management
Ans: Practice that are based on rigorous scientific research and can deliver real results.
Globalization
Ans: The process driven by international trade and investment in foreign markets that
makes it possible for organizations to offer customer products and services from all
over the world at any time.
Acquisition
Ans: The initiative taken by one organization to own another organization.
Attrition
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Ans: Reducing the number of employees by not replacing the who leave.
Balance Scorecard
Ans: An HR metric that balances financial with other strategic performance factors
such as internal business process, customer service, learning, and growth.
Benchmarking
Ans: comparing organizational performance metrics against those of other
organizations.
Career Planning
Ans: The method through which individuals map and pursue their career goals and
objectives.
Downsizing
Ans: The process of reducing the workforce through eliminating jobs in order to cut
cost and improve efficiency.
Economic Value Added
(EVA)
Ans: A measure of organizational financial performance calculated by deducting the
cost of capital from the operating profit.
Environmental Scanning
© Get it right 2025 Getaway - Stuvia US All rights reserved
BUS303 Humans Resources Management
Questions with Detailed Verified Answers
Business Mastery
Ans: competency involving a deep understanding of an organization business and its
technological economic, and financial aspect.
Corporate Government
Ans: The relationship between managers and shareholders that results in shared
corporate rights and responsibilities.
Evidence-based Management
Ans: Practice that are based on rigorous scientific research and can deliver real results.
Globalization
Ans: The process driven by international trade and investment in foreign markets that
makes it possible for organizations to offer customer products and services from all
over the world at any time.
Acquisition
Ans: The initiative taken by one organization to own another organization.
Attrition
© Get it right 2025 Getaway - Stuvia US All rights reserved
, Click here for more: Scholars nexus
Ans: Reducing the number of employees by not replacing the who leave.
Balance Scorecard
Ans: An HR metric that balances financial with other strategic performance factors
such as internal business process, customer service, learning, and growth.
Benchmarking
Ans: comparing organizational performance metrics against those of other
organizations.
Career Planning
Ans: The method through which individuals map and pursue their career goals and
objectives.
Downsizing
Ans: The process of reducing the workforce through eliminating jobs in order to cut
cost and improve efficiency.
Economic Value Added
(EVA)
Ans: A measure of organizational financial performance calculated by deducting the
cost of capital from the operating profit.
Environmental Scanning
© Get it right 2025 Getaway - Stuvia US All rights reserved
