MGMT 303 FINAL EXAM TEST PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
◉ job analysis Answer: determining the basic elements of a job by
observation and analysis
◉ Strategic Human Resource Management Process: Answer: •
Establish the mission & vision
• Establish the grand strategy
• Formulate the strategic plans
• Plan human resources needed
• Recruit & select people
• Orient, train, & develop
• Perform appraisals of people
• Purpose: Get optimal work performance to help realize company's
mission & vision
◉ Three Important Concepts of Human Resource Management are:
Answer: human capital
knowledge workers
social capital
,◉ Human Capital Answer: the economic or productive potential of
employee knowledge, experience, and actions.
◉ Knowledge Workers Answer: someone whose occupation is
principally concerned with generating or interpreting information,
as opposed to manual labor. Add value to the organization by using
their brains rather than muscle and sweat. The U.S no longer has an
advantage in knowledge workers due to globalization, information
technology, offshoring of sophisticated jobs, decrease in math and
science skills among young Americans.
◉ Social Capital Answer: the economic or productive potential of
strong, trusting, and cooperative relationships. Includes goodwill,
mutual respect, cooperation, trust, and teamwork.
◉ Job Description Answer: summarizes what the holder of the job
does and how and why she does it.
◉ Human Resource Inventory Answer: a report listing your
organization's employees by name, education, training, languages,
and other important information.
◉ Internal Recruiting Answer: making people already employed by
the organization aware of job openings. (mainly through job
postings, placing info. about job vacancies and qualifications on
bulletin boards, in newsletters, and on the organization's intranet.
, ◉ External Recruiting Answer: means attracting job applicants from
outside the organization.
◉ Internal Recruiting (advantages) Answer: 1. employees tend to be
inspired to greater effort and loyalty. Morale is enhanced because
they realize that working hard and staying put can result in more
opportunities
2. the whole process of advertising, interviewing, and so on is
cheaper.
3. there are fewer risks, internal. internal candidates are already
known and are familiar with the organization
◉ Internal Recruiting (disadvantages) Answer: 1. internal
recruitment restricts the competition for positions and limits the
pool of fresh talent and fresh viewpoints
2. it many encourage employees to assume that longevity and
seniority will automatically result in promotion
3. whenever a job is filled, it creates a vacancy elsewhere in the
organization
◉ External Recruiting (advantages) Answer: 1. applicants may have
specialized knowledge and experience
2. applicants may have fresh viewpoints
QUESTIONS WITH SOLUTIONS GRADED A+
◉ job analysis Answer: determining the basic elements of a job by
observation and analysis
◉ Strategic Human Resource Management Process: Answer: •
Establish the mission & vision
• Establish the grand strategy
• Formulate the strategic plans
• Plan human resources needed
• Recruit & select people
• Orient, train, & develop
• Perform appraisals of people
• Purpose: Get optimal work performance to help realize company's
mission & vision
◉ Three Important Concepts of Human Resource Management are:
Answer: human capital
knowledge workers
social capital
,◉ Human Capital Answer: the economic or productive potential of
employee knowledge, experience, and actions.
◉ Knowledge Workers Answer: someone whose occupation is
principally concerned with generating or interpreting information,
as opposed to manual labor. Add value to the organization by using
their brains rather than muscle and sweat. The U.S no longer has an
advantage in knowledge workers due to globalization, information
technology, offshoring of sophisticated jobs, decrease in math and
science skills among young Americans.
◉ Social Capital Answer: the economic or productive potential of
strong, trusting, and cooperative relationships. Includes goodwill,
mutual respect, cooperation, trust, and teamwork.
◉ Job Description Answer: summarizes what the holder of the job
does and how and why she does it.
◉ Human Resource Inventory Answer: a report listing your
organization's employees by name, education, training, languages,
and other important information.
◉ Internal Recruiting Answer: making people already employed by
the organization aware of job openings. (mainly through job
postings, placing info. about job vacancies and qualifications on
bulletin boards, in newsletters, and on the organization's intranet.
, ◉ External Recruiting Answer: means attracting job applicants from
outside the organization.
◉ Internal Recruiting (advantages) Answer: 1. employees tend to be
inspired to greater effort and loyalty. Morale is enhanced because
they realize that working hard and staying put can result in more
opportunities
2. the whole process of advertising, interviewing, and so on is
cheaper.
3. there are fewer risks, internal. internal candidates are already
known and are familiar with the organization
◉ Internal Recruiting (disadvantages) Answer: 1. internal
recruitment restricts the competition for positions and limits the
pool of fresh talent and fresh viewpoints
2. it many encourage employees to assume that longevity and
seniority will automatically result in promotion
3. whenever a job is filled, it creates a vacancy elsewhere in the
organization
◉ External Recruiting (advantages) Answer: 1. applicants may have
specialized knowledge and experience
2. applicants may have fresh viewpoints
