TEST BANK FINANCIAL ACCOUNTING

1. People are the common element in all social organizations. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource manage ...

1. People are the common element in all social organizations. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #1 Topic: 01-01 What is Human Resource Management? 2. Organizational goals are an organization's short- and long-term goals that human resource management aims to support and enable. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #2 Topic: 01-01 What is Human Resource Management? 3. The field of human resource management is not related to key organizational goals, product-market plans, technology, and innovation. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #3 Topic: 01-01 What is Human Resource Management? 4. Human resource management is central to all organizations and all organizations have a dedicated human resource department. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #4 Topic: 01-02 The difference between human resource management and a human resource department 5. A new venture or micro-business would initially have the entrepreneur perform HR related tasks. TRUE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #5 Topic: 01-01 What is Human Resource Management? 6. Strategies for businesses are formulated at three levels: corporate, a major business activity, and employee. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #6 Topic: 01-03 Strategic Human Resource Management 7. Employee salaries may account for more than 65% of the operating expenses in many organizations. FALSE Accessibility: Keyboard Navigation Difficulty: Difficult Gradable: automatic Learning Objective: 01-01 Discuss the objectives of human resource management. Schwind - Chapter 01 #7 Topic: 01-03 Strategic Human Resource Management 8. Using the focus strategy, a firm concentrates on a segment of the market. The firm may compete on the basis of either differentiation or cost leadership. TRUE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #8 Topic: 01-04 Understanding the Strategic Human Resource Management Process 9. Many organizations are now including specific strategies that directly consider their employees, such as a strategy to become one of Canada's "Top 50 Best Managed Companies." TRUE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #9 Topic: 01-04 Understanding the Strategic Human Resource Management Process 10. Boom and bust economic cycles are experienced the same across the country. FALSE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #10 Topic: 01-05 Economic Forces 11. Economic forces are defined as economic factors facing Canadian business, including historical trends, global trade forces, and the force to increase one's own competitiveness and productivity levels. FALSE Accessibility: Keyboard Navigation Difficulty: Difficult Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #11 Topic: 01-05 Economic Forces 12. Canada's international trade advantage is due to its geographical location and multi-cultural population. FALSE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #12 Topic: 01-05 Economic Forces 13. Companies can gain accreditation in productivity optimization processes through organizations like the International Association for Six Sigma Certification. FALSE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #13 Topic: 01-05 Economic Forces 14. Recruiting or developing innovative staff to create a culture of innovation within the organization is an example of a progressive human resource strategy. TRUE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #14 Topic: 01-05 Economic Forces 15. In firms with non-routine production processes (such as advertising firms or software developers), flexible human resource practices that nurture creativity, innovation, and entrepreneurship may add more value. TRUE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #15 Topic: 01-05 Economic Forces 16. Knowledge Management is an outcome of digital information systems. TRUE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #16 Topic: 01-11 17. All service industries combined currently account for more than 75% of the gross domestic product (GDP) in Canada. TRUE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #17 Topic: 01-05 Economic Forces 18. The move towards extractive industries increases the need for innovation and creates an environment that requires not only knowledge workers, but individuals who bring innovative thinking to their organization. FALSE Accessibility: Keyboard Navigation Difficulty: Moderate Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #18 Topic: 01-05 Economic Forces 19. Moving from a factor-based to a knowledge-based economy is a trend witnessed only in North America. FALSE Accessibility: Keyboard Navigation Difficulty: Easy Gradable: automatic Learning Objective: 01-02 Identify steps in strategic management of human resources. Schwind - Chapter 01 #19 Topic: 01-05 Economic Forces 20. With an increased reliance on knowledge workers, organizations also start to face challenges associated with employees hiding and withholding knowledge. TRUE