Human Resource Management Exam 1: Chapters
1-3 Study Questions Solved 100% Correct| Verified
Solutions-Newest 2025
What are the three product lines of HR? - ✔✔Administrative Service and Transactions
Business Partner Services
Strategic Partner
What is the Shared Service Model? - ✔✔A way to organize the HR function that
includes:
centers of expertise
service centers
business partners
What is outsourcing and what activities are commonly outsourced? - ✔✔The practice
of having another company (a vendor, third party provider or consultant) provide
services.
Activities: employee assistance, retirement planning and outplacement.
What is Evidence - Based HR? - ✔✔Refers to demonstrating or collecting and using
data that human resource practices have a positive influence on the company's profits
or key stakeholders.
What is big data? - ✔✔An extremely large set of data
, List 3 competitive challenges that companies face will increase the important of human
resource management practices. - ✔✔Sustainability
Globalization
Technology
What does sustainability refer to? - ✔✔The organization's ability to profit without
depleting its resources, including employees, natural resources, and the support of the
surrounding community.
What is a company's success based on? - ✔✔HRM is critical to the success of
organizations because human capital has certain qualities that make it valuable.
Who are stakeholders? - ✔✔The parties with an interest in the company's success
(typically shareholders, the community, customer and employees.)
List the 3 types of assets for a company to provide goods and services. - ✔✔Staffing
Training
Compensation Practices
Define Knowledge worker. - ✔✔Employees whose main contribution to the
organization is specialized knowledge, such as knowledge of customers, a process, or
profession
What is the difference between empowering and learning organization? -
✔✔Empowering: giving employees responsibility and authority to make decisions
regarding all aspects of product development or customer services.
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