PHR - Business Management and Strategy Test

Question 1

An organizations four stages are:

Accepted Answer

Introduction, Growth, Maturity, Decline

Answer

Launch, Investment, Growth, Decline

Answer

Startup, Investment, Growth, Sale

Answer

Formation, Growth, Maturity, Stagnation

Question 2

FCILG is an acronym for an approach that measures organizational performance. It's also called:

Accepted Answer

Balanced scorecard

Answer

Organizational matrix

Answer

Organizational scorecard

Answer

Goal matrix

Question 3

Human capital is the combined _______________, _______________, and _______________ of a company's employees.

Accepted Answer

Knowledge, Skills, Experience

Answer

Education, Experience, Salary

Answer

Knowledge, Experience, Salary

Answer

Knowledge, Education, Experience

Question 4

An organizations four stages are:

Accepted Answer

Introduction, Growth, Maturity, Decline

Answer

Launch, Investment, Growth, Decline

Answer

Startup, Investment, Growth, Sale

Answer

Formation, Growth, Maturity, Stagnation

Question 5

What is the degree to which decision-making authority is restricted to higher levels of management in an organization?

Accepted Answer

Centralization

Answer

Hierarchy

Answer

Decentralization

Answer

Chain of Command

Question 6

A human resources employee would be classified as a:

Accepted Answer

Staff unit

Answer

Business unit

Answer

Line unit

Answer

Management unit

Question 7

An action plan is used when achieving _______________ objectives.

Accepted Answer

Short-term

Answer

Long-term

Answer

Company-wide

Answer

Medium-term

Question 8

Short term objectives are milestones that must be achieved within _______________ .

Accepted Answer

6 months to 1 year

Answer

1 to 2 years

Answer

1 month

Answer

1 to 3 months

Question 9

An organizations four stages are:

Accepted Answer

Introduction, Growth, Maturity, Decline

Answer

Launch, Investment, Growth, Decline

Answer

Startup, Investment, Growth, Sale

Answer

Formation, Growth, Maturity, Stagnation

Question 10

A _______________ is the expected distribution given a random sampling of people across a large population.

Accepted Answer

Normal distribution

Answer

Stochastic distribution

Answer

Uniform distribution

Answer

Algorithmic distribution