PHR – Business Management and Strategy Test

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An organizations four stages are:

Correct! Wrong!

An organizations four stages are Introduction, Growth, Maturity, Decline (IGMD).

FCILG is an acronym for an approach that measures organizational performance. It's also called:

Correct! Wrong!

Balanced scorecard is a measurement approach that provides an overall picture of an organization's performance as measured against goals in Finance, Customer service, Internal business processes, Learning and Growth.

Human capital is the combined _______________, _______________, and _______________ of a company's employees.

Correct! Wrong!

Human capital (KSE) is the combined knowledge, skills, and experience of a company's employees.

An organizations four stages are:

Correct! Wrong!

An organizations four stages are Introduction, Growth, Maturity, Decline (IGMD).

What is the degree to which decision-making authority is restricted to higher levels of management in an organization?

Correct! Wrong!

Centralization is the degree to which decision-making authority is restricted to higher levels of management in an organization.

A human resources employee would be classified as a:

Correct! Wrong!

Staff units are work groups that assist line units by performing specialized services, such as human resources.

An action plan is used when achieving _______________ objectives.

Correct! Wrong!

An action plan is the detailed steps a unit, department, or team will take in order to achieve short-term objectives.

Short term objectives are milestones that must be achieved within _______________ .

Correct! Wrong!

Short term objectives are milestones that must be achieved, usually within six months to one year, in order to reach long term objectives.

An organizations four stages are:

Correct! Wrong!

An organizations four stages are Introduction, Growth, Maturity, Decline (IGMD).

A _______________ is the expected distribution given a random sampling of people across a large population.

Correct! Wrong!

A normal distribution is the expected distribution given a random sampling of people across a large population.

To an operations department, what is the order of importance/value for the following assets?

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To an operations department, physical buildings, equipment, then inventory are listed in order of importance/value.

The Foreign Corrupt Practices Act (FCPA):

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The Foreign Corrupt Practices Act (FCPA) prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.

The Foreign Corrupt Practices Act (FCPA):

Correct! Wrong!

The Foreign Corrupt Practices Act (FCPA) prohibits American companies from making corrupt payments to foreign officials for the purpose of obtaining or keeping business.

Break even occurs when:

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Break-even analysis shows the point in time at which total revenue associated with a program is equal to the total cost of the program.

Which of the following is not an example of how an organization with a divisional structure might separate divisions?

Correct! Wrong!

Divisional structure is an organizational structure in which divisions are separated by product, customer, market, or region.

An action plan is used when achieving _______________ objectives.

Correct! Wrong!

An action plan is the detailed steps a unit, department, or team will take in order to achieve short-term objectives.

What form of budgeting requires that expenditures be justified for each new period?

Correct! Wrong!

Zero based budgeting is a form of budgeting that requires expenditures be justified for each new period at which budgets start at zero.

A regulation is a rule or order issued by a government agency which _______________ has the force or law.

Correct! Wrong!

A regulation is a rule or order issued by a government agency which often has the force or law.

An HR audit measures which of the following?

Correct! Wrong!

An HR audit is a process to measure the effectiveness and efficiency of HR programs & positions.

A regulation is a rule or order issued by a government agency which _______________ has the force or law.

Correct! Wrong!

A regulation is a rule or order issued by a government agency which often has the force or law.

Break even occurs when:

Correct! Wrong!

Break-even analysis shows the point in time at which total revenue associated with a program is equal to the total cost of the program.

Which of the following is not an example of how an organization with a divisional structure might separate divisions?

Correct! Wrong!

Divisional structure is an organizational structure in which divisions are separated by product, customer, market, or region.

Sale of which of the following is not an example of divestiture?

Correct! Wrong!

Divestiture is sale by a company of an asset that is not performing well, that is not core to the company's business, or that is worth more as a separate entity.

The number of members of an organization that have to be present before official business may be -conducted is called a:

Correct! Wrong!

A quorum is the number of members of an organization that have to be present before official business may be conducted.

Human capital is the combined _______________, _______________, and _______________ of a company's employees.

Correct! Wrong!

Human capital (KSE) is the combined knowledge, skills, and experience of a company's employees.

Which of the following is not one of the five phases of a project?

Correct! Wrong!

A project is a series of tasks and activities that has a stated goal and objectives, a schedule with defined start and end dates, and a budget that sets limits on the use of monetary and human resources., series of tasks and activities that has a stated goal and objectives, a schedule with defined start and end dates, and a budget that sets limits on the use of monetary and human resources. The five phases of a project are Conception, Selection, Planning, Completion, and Evaluation (CSPCE).

A human resources employee would be classified as a:

Correct! Wrong!

Staff units are work groups that assist line units by performing specialized services, such as human resources.

What is the degree to which decision making authority is given to lower levels in an organization's hierarchy?

Correct! Wrong!

Decentralization is the degree to which decision making authority is given to lower levels in an organization's hierarchy.

An HR audit measures which of the following?

Correct! Wrong!

An HR audit is a process to measure the effectiveness and efficiency of HR programs & positions.

Which acronym identifies the four phases of strategic planning?

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Strategic planning is the art and science of formulating (F), developing (D), implementing (I), and evaluating (E) cross-functional decisions that enable an organization to achieve its objectives.

Span of control refers to:

Correct! Wrong!

Span of control refers to the number of people who report to a supervisor.

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