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Instant download and all chapters Test Bank Human Resource Management 15th Edition Gary Dessle https://testbankdata.com/download/test-bank-human-resource-management- 15th-edition-gary-dessle/ Human Resource Management, 15e (Dessler) Chapter 3 Human Resource Management Strategy and Analysis 1) ________ defines the nature of the company's business in terms of how it will match its internal strengths and weaknesses with its external opportunities and threats in order to maintain a competitive pos
  Instant download and all chapters Test Bank Human Resource Management 15th Edition Gary Dessle https://testbankdata.com/download/test-bank-human-resource-management-15th-edition-gary-dessle/  Human Resource Management, 15e  (Dessler) Chapter 3 Human Resource Management Strategy and Analysis 1) ________ defines the nature of the company's business in terms of how it will match its internal strengths and weaknesses with its external opportunities and threats in order to maintain a competitive position. A) Financial auditing B) Strategic planning C) Employee benchmarking D) Employee testing Answer: B Explanation: B) Strategic planning is the company's overall planning for how it will match its internal strengths and weaknesses with its external opportunities and threats in order to maintain a competitive position. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 2) ________ involves setting objectives, making forecasts, reviewing alternative courses of action, evaluating options and implementing the plan. A) The management planning process B) Financial auditing C) Employee testing D) Employee benchmarking Answer: A Explanation: A) The basic management planning process involves setting objectives, making forecasts, reviewing alternative courses of action, evaluating options and implementing the plan. Planning is always goal-directed. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process.  3) What is the first step in the basic planning process? A) evaluating the possible alternatives B) implementing a course of action C) setting an objective D) comparing options Answer: C Explanation: C) The first step of management planning is to set an objective or a goal. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 4) Which of the following is NOT part of the basic managerial planning? A) evaluation of best options B) establishment of clear objectives C) implementation of the plan D) building corporate hierarchies Answer: D Explanation: D) The basic management planning process involves setting objectives, making  basic planning forecasts, reviewing alternative courses of action, evaluating which options are  best and then choosing and implementing the plan. However, managerial planning is hindered by the hierarchy of a corporation, which requires that plans meet budgetary requirements and match the long-term goals of the firm. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 5) Which term indicates the course of action for getting from where you are to where you want to go? A) goal B) plan C) proposition D) assessment Answer: B Explanation: B) A plan shows the course of action for getting from where you are to where you want to go  —  in other words, to the goal. Planning is always goal-directed. Difficulty: Easy Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic  management process. 6) What is a company's plan for how it will match its internal strengths and weaknesses with external opportunities and threats to maintain a competitive advantage? A) strategic plan B) situation analysis C) SWOT analysis D) tactical plan Answer: A Explanation: A) A strategic plan is a firm's plan for assessing internal strengths and weaknesses with external opportunities and threats. The essence of strategic planning involves asking, Where are we now as a business and where do we want to be? Managers then develop specific strategies for taking a firm where it wants to be. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 7) A course of action that a firm can pursue to achieve its strategic aims is known as a ________. A) vision B) goal C) strategy D) mission Answer: C Explanation: C) A strategy is a course of action taken by a firm to achieve strategic aims. Difficulty: Easy Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 8) Strategic management is best defined as the process of identifying and executing the organization's strategic plan by matching the company's capabilities with its ________. A) environmental demands B) competitive standards C) natural resources D) hierarchical skills Answer: A Explanation: A) Strategic management is the process of identifying and executing the organization's strategic plan by matching the company's capabilities with the demands of its environment. Industry standards, resources, and corporate hierarchies are less relevant. Difficulty: Easy Chapter: 3  Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 9) All of the following are steps involved in the strategic management process EXCEPT  ________. A) evaluating the firm's internal and external situation B) asking, Where are we now as a business? C) formulating a new business direction D) offshoring low-skill jobs Answer: D Explanation: D) While offshoring low-skill jobs may be a strategy for some firms to lower expenditures, it is not a specific step involved in the strategic management process. Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 10) What is the first step in the strategic management process? A) formulating a strategy B) asking, Where are we now as a business? C) evaluating the strategic plan D) implementing an environmental scan Answer: B Explanation: B) The first step in the strategic planning process is asking, Where are we now as a business? Difficulty: Moderate Chapter: 3 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic management process. 11) Which of the following is a simple guide used to compile relevant information about a company's environment including economic, competitive, and political trends that may affect a firm? A) workforce requirement matrix B) environmental scan worksheet C) external resource system table D) potential globalization network Answer: B Explanation: B) Environmental scan worksheets are a guide for compiling information about the company's environment. This includes the economic, competitive, and political trends that may
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