HUMAN RESOURCE MANAGEMENT EXAM 1 QUESTIONS AND ANSWERS.

HUMAN RESOURCE MANAGEMENT EXAM 1
QUESTIONS AND ANSWERS.
For publicly traded companies, the true owners are the ____________
Correct Answer -shareholders
___________ are required for both publicly traded companies and non
profits
Correct Answer -governing boards
_________- direction of firm in general. Determines what kid of businesses
in which the firm will complete
Correct Answer -corporate strategy
___________- how will firm compete in each market where it conducts
business
Correct Answer -business strategy
___________- how will each functional area be managed- marketing,
finance, legal, and human resources
Correct Answer -functional strategy
What are the three major strategies that influence HR?
Correct Answer -growth, stability, and retrenchment
_________- expansion of products and services. Can be done internally or
externally
Correct Answer -growth