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Which of the following statements is true regarding companies that are not diversified?


A) Such companies typically use quantitative measures of performance to evaluate managers.
B) In such companies, top-managers have less knowledge about managers below them in the hierarchy.
C) In such companies, executives tend to focus on evaluating the objective performance results of their subordinate managers.
D) They have evaluation systems that call for subjective performance assessments of managers.
E) People above the first-level managers in the hierarchy of such companies have limited knowledge about work-related tasks that should be performed.

F) A) and D)
G) C) and D)

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During _____, the strategic planning groups decide on a strategic direction by defining the company's mission and goals, its external opportunities and threats, and its internal strengths and weaknesses.


A) strategy implementation
B) task design
C) selection and training
D) strategy formulation
E) strategy evaluation

F) B) and C)
G) A) and D)

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External analysis attempts to identify an organization's strategic opportunities and threats.

A) True
B) False

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Which of the following describes the ways an organization will attempt to fulfill its mission and achieve its long-term goals?


A) Internal analysis
B) External analysis
C) Vision statement
D) Strategic choice
E) Code of conduct

F) D) and E)
G) C) and E)

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Which of the following statements is true for companies that employ cost strategies?


A) They focus on high-quality production rather than efficient production.
B) They are very specific in the skills they require from their employees.
C) They shy away from investing in training employees in the skills they need.
D) They seek greater creativity by providing broader career paths to employees than companies that employ differentiation strategy.
E) They encourage their employees to take greater risks.

F) A) and D)
G) B) and D)

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What can human resource managers do to ensure that the human resource management function is integrally involved in the company's strategic management process?

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To be maximally effective, the human res...

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What are the four directional strategies that firms use to meet their objectives?

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The five directional strategies that fir...

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Concentration strategies require that an organization bring radical change to the current skills that exist in the organization.

A) True
B) False

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What are the human resource challenges faced by a firm adopting an internal growth strategy?

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Internal growth strategies present uniqu...

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A company employing a differentiation strategy requires employees who:


A) are highly creative and cooperative.
B) have high concern for quantity.
C) tend to be risk averse.
D) have a short-term focus.
E) have less tolerance for ambiguity.

F) None of the above
G) B) and C)

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Strategic planning groups decide on a strategic direction during the strategy implementation phase.

A) True
B) False

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An overall cost leadership strategy is achieved primarily by offering unique product features.

A) True
B) False

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Which of the following is true of one-way linkage?


A) In this level, the human resource management executive has no time or opportunity to take a strategic outlook toward human resource issues.
B) It precludes the company from considering human resource issues while formulating the strategic plan.
C) In this level, the human resource management functions are built right into the strategy formulation process.
D) In this level, the human resource management function is involved in both strategy formulation and strategy implementation.
E) It lets the human resource management executive to give strategic planners information about the company's human resource capabilities.

F) B) and D)
G) A) and E)

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To be maximally effective, the human resource management function of a company must be isolated from the company's strategic management process.

A) True
B) False

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Which type of strategy attempts to expand a company's resources or to strengthen its market position through acquiring or creating new businesses?


A) Internal growth strategy
B) Retrenchment strategy
C) External growth strategy
D) Divestment strategy
E) Concentration strategy

F) B) and E)
G) B) and D)

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Which of the following activities entails specifying those activities and outcomes that will result in the organization successfully implementing the strategy?


A) Divestment
B) Differentiation
C) Performance management
D) Job enlargement
E) Realistic job preview

F) A) and E)
G) B) and D)

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Which of the following is used by an organization to identify its strengths and weaknesses?


A) Job analysis
B) Internal analysis
C) Job characteristics model
D) Competitor analysis
E) Job modeling

F) B) and C)
G) B) and D)

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Differentiation companies will have compensation systems that are geared toward internal rather than external equity.

A) True
B) False

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Mission, goals, external analysis, internal analysis, and strategic choices are the five major components of the _____ process.


A) recruitment
B) strategy formulation
C) orientation
D) job designing
E) job engagement

F) B) and E)
G) A) and E)

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What are the five major components of the strategic management process that are relevant to strategy formulation?

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The five major components of the strateg...

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