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MGT 323 Exam 1 Question and answers verified to pass £11.73   Add to cart

Exam (elaborations)

MGT 323 Exam 1 Question and answers verified to pass

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  • Module
  • MQM 323
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  • MQM 323

MGT 323 Exam 1 Question and answers verified to pass 4 Parts of HRM - correct answer Planning, staffing , compensation , managing (developing SWOT analysis - correct answer strengths, weaknesses, opportunities, threats Strengths Examples - correct answer what are you strong in, what...

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  • November 24, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MQM 323
  • MQM 323
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MGT 323 Exam 1 Question and answers
verified to pass
4 Parts of HRM - correct answer ✔Planning, staffing , compensation ,
managing (developing


SWOT analysis - correct answer ✔strengths, weaknesses, opportunities,
threats


Strengths Examples - correct answer ✔what are you strong in, what do you
lead the market in


weaknesses examples - correct answer ✔what are you weak in, where do
you struggle


oppurtunities - correct answer ✔where can you grow , what can you improve


threats - correct answer ✔what pressure do you see happening, what can
hurt you over time


Strategy Formulation - 5 step - correct answer ✔1. Determine Strategy Type
2. enviormental analysis
3. creat vision, mission and values
4. finalize
5. define specific objectives


3 Strategy Types - correct answer ✔1. Cost Leadership

, 2. Differentiation
3. Focus(Niche)


Cost Leadership - correct answer ✔Maximize efficiency & maximize profits


differentiation - correct answer ✔maximize new ideas & maximize innovation


Absenteeism - correct answer ✔Time taken off work due to illness or other
reasons, such as childcare ortransportation issues.


Absence Rate (absenteeism rate) - correct answer ✔# of absent days/
number of available days in a given period


Job Analysis - correct answer ✔Proceess used to identify work, emplyoee
characteristics and work conditions


What is the purpose of Job analysis? - correct answer ✔1. Set Qualifications
2. Recruitment
3. Selection
4. Succession Planning
5. Training and Development
6. Set pay scales


Outcomes of Job Analysis - correct answer ✔1. Job Description
2. Job Specification

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