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SHRM Final Review
Test Review Questions
| Question | Answer |
|---|---|
| What is the impact of cognitive barriers on risk management? | Managers perceive risks in an outdated manner. Cognitive barriers to risk management relate to managers' tendencies to rely on older perceptions of the risks they face and the most effective ways of managing them. |
| What is regulated by the Fair Labor Standards Act (FLSA)? | Overtime pay. Commonly referred to as the Wage and Hour Law, the FLSA governs employee status, overtime pay, and minimum wage. |
| An organization is in the process of updating its compensation system and has started the task of evaluating jobs and grouping those with similar duties together. What documents would be most useful for this purpose? | Job descriptions. The job description is a written record of job duties and responsibilities and will be most valuable in grouping jobs with similar duties. |
| What process determines the relative worth of each job in an organization? | Job evaluation. Job evaluation determines the relative worth of each job by establishing a hierarchy of jobs within an organization. It is intertwined with a concern for internal pay equity. |
| An HR specialist prepares a business case to support an initiative. The case includes descriptions of the project's goals and benefits, method, budget, and time line. What other information would have been good to include? | Analysis of the initiative's possible risks. The business case should include some discussion of possible risks and approaches to managing them. |
| What is the relationship between corporate social responsibility (CSR) and sustainability? | Each has broadened the other's meaning and focus, so each embraces both ethical and resource concerns. CSR and sustainability have each broadened the other's definitions. Approaching questions of the proper corporate role in a global society from two dif |
| What is the primary focus of organizational development? | Managing change. In this process, HR professionals serve as change agents and manage the evaluation of OD interventions. |
| What is the strongest strategy for a retailer trying to manage the risk of interrupted merchandise supply? | Identify and develop multiple vendor relationships. |
| During which stage of strategic planning do managers develop action plans and assign staff members to projects? | Implementation. During the strategy implementation phase of strategic planning, the plan is put into action. Managers develop action plans and allocate resources toward achieving organizational objectives. |
| The most-effective survey questions | Lead to specific corrective actions. While employee satisfaction, attitudes, and ideas to improve work processes are important, taking specific corrective actions from survey results demonstrates a long-term commitment to providing a rewarding work exper |
| The most successful talent management initiatives | take into consideration the strategic needs of the organization as well as the individual needs of the employee. |
| What does the term "business intelligence" mean? | Ability to gather internal and external information to support good decision making |
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