APHR Practice Questions and Answers - Part I 2024, Exams of Nursing

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APHR Practice Questions and Answers - Part I 2024 Which best describes corporate social responsibility? a) Corporate social responsibility is a policy mandated by the government to coerce corporations to improve their communities b)Corporate social responsibility refers to the responsibility that corporations have toward shareholders c) Corporate social responsibility is an issue of ethics, pursued by corporations that see the health of their business as contingent upon the health of their community d)Corporate social responsibility refers to the social climate of the organization and the policies created to sustain the strength of that climate - ANSWER-c) Corporate social responsibility is an issue of ethics, pursued by corporations that see the health of their business as contingent upon the health of their community CSR can be evaluated on which three P's of the "triple bottom line"? a) People, prizes and proxy b) Planet, profit and projects c) People, profit and prizes d) People, planet and profit - ANSWER-d) People, planet and profit What's the purpose of a vision statement? - ANSWER-A vision statement is a succinct explanation of how an organization planes to deliver quality products/services In regards to corporate social responsibility, the most common way for a corporation to assimilate into a community includes all of the following EXCEPT? a)The most common way for a corporation to pursue social responsibility is to establish alliances with respected members of the community and outside organizations b)The most common way for a corporation to pursue social responsibility is to deliver inexpensive goods and services for the commoniunity c)The most common way for a corporation to pursue social responsibility is hiring as many locals as possible d)The most common way for a corporation to pursue social responsibility is by maximizing their profits despite any consequences to the surrounding environment - ANSWER-d) The most common way for a corporation to pursue social responsibility is by maximizing their profits despite any consequences to the surrounding environment What's the primary purpose of organizational branding? I. The intent of organizational branding is letting customers know when they walk into a store. governance of their companies. The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. What is the Sarbanes-Oxley Act? - ANSWER-The Sarbanes-Oxley Act of 2002 is a federal law that established sweeping auditing and financial regulations for public companies. Lawmakers created the legislation to help protect shareholders, employees and the public from accounting errors and fraudulent financial practices. Which of the following is true about corporate restructuring? a) Corporate restructuring is intended to make a firm more competitive b)Corporate restructuring is a change in operations, legal code or ownership inside of a firm c) Corporate restructuring is only a euphemism for cutting labor and lowering wages d) The principle purpose of corporate restructuring is to increase profits for senior executives - ANSWER-b) Corporate restructuring is a change in operations, legal code or ownership inside of a firm Which of the following best describes enterprises risk management (ERM)? a) Enterprise risk management is when each department crafted its own policies and procedures for handling sues of risk and loss b)Enterprise risk management policies are crafted only by senior executives and then handed down to all departments to follow c) Enterprise risk management is the process of establishing a broad but comprehensive protocol for handling issues of risk and loss d)Enterprise risk management is when a company participates in a high-risk situation in order to maximize profits for the good of the company - ANSWER-c) Enterprise risk management is the process of establishing a broad but comprehensive protocol for handling issues of risk and loss All of the following is true about offshoring EXCEPT? a) Offshoring is typically done to reduce the cost of business b)Offshoring involves sifting business operations to a country where business can be conducted at lower costs c) The only beneficiary of offshoring is the company itself d)Offshoring is one aspect of corporate restructuring that permits a company to remain competitive - ANSWER-c) The only beneficiary of offshoring is the company itself What is offshoring? - ANSWER-the practice of basing some of a company's processes or services overseas, so as to take advantage of lower costs. relocate (a business or department) to a foreign country to take advantage of lower costs. All of the following is necessary for an organization to pay attention to the legislative and regulatory environment EXCEPT? a)To anticipate Chang's and craft corporate governance policies that address new regulations and legislation b) to engage in lobbying efforts in order to fight proposed changes that could be damaging to the corporation c) To modify and make new legislative and regulatory changes more palatable d)To examine competitors and match their own legislation to that of other corporations - ANSWER-d) To examine competitors and match their own legislation to that of other corporations Which definition most accurately explains a whistle-blower? a)A whistle blower is a person who reports any unethical information about an organization b)A whistle blower is a person hired by an organization to cover up illicit or unethical activities c)A whistle blower is a person who reports or publicizes any illegal or unethical information about the institution. Whistle blower status is only granted when the organization is private d)A whistle blower reports or publicizes any illegal or unethical information about the institution. Whistle blower status is only granted when the organization is public - ANSWER-a) A whistle blower is a person who reports any unethical information about an organization Which of the following is NOT a key component of a business plan? a)Annual goals b)Projected growth targets c) Net income expectations d) Bonuses for executives - ANSWER-d) Bonuses for executives A stakeholder is any actor that affects or can be affected by a business but doesn't own property of the business. Which of following groups of people are NOT stakeholder? a) Employees b)Surrounding business c) Shareholders d) The local community - ANSWER-c) Shareholders What are stakeholder? - ANSWER-A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers and suppliers. What is a shareholder? - ANSWER-A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company's stock, which is known as equity. Because shareholders are essentially owners in a company, they reap the benefits of a business' success. Which of the following best describes mergers and acquisitions (M&A)? a) Mergers occur temporarily in order to consolidate resources and beat out a competitor; acquisitions occur permanently b)Mergers occur when one company purchases another without a new company being formed. c) Merger occur when two companies combine to form a new one. Acquisitions occur when one company purchases another one without a new company being formed d)Mergers and acquisitions often occur temporarily in order to consolidate resources and beat out a competitor; then the actions are rescinded and the entities disband - ANSWER-c) Merger occur when two companies combine to form a new one. Acquisitions occur when one company purchases another one without a new company being formed When performing a cost-benefit analysis of a proposed project, what is a project worker's salary an example of? - ANSWER-A cost Each fiscal quarter within a fiscal year is an example of which of the following? a) Benchmarking b) A milestone c) Calendar divides d)A dependent variable - ANSWER-b) A milestone Myra and Angela are 2 HR professionals who work in the same organization. Recently, Myra successfully implemented a sustainability initiative with the marketing department, where she helped them reduce the amount of paper they use. This led to saved paper, printing and labor costs as well as reduced physical waste. Angela would like to try this initiative with the Finance department, which is welcome to this idea. Hw can Angela begin to allocate resources for this project? a) Copy Myra's initiative as closely as possible, right down to the budget and timeline b) Use her best guess to document what she believes the finance department will need in order to reduce their paper waste and Leadership buy-in promotes top-down change; without leaders in the company supporting new initiatives, it is highly unlikely that subordinate employees will embrace change. They are more likely to resist if they feel those in leadership positions do not find the change valuable. An employee sees a close colleague change numbers in an accounting spreadsheet to reflect incorrect values. The employee feels uncomfortable reporting the colleague, due to their friendship and close working relationship. However, the employee feels very concerned about the situation. What is one feasible resource that can help this employee in a situation like this? a) An anonymous and confidential HR hotline b) A close relationship with a supervisor c)An in-house coffee shop where the employee can go with the colleague to discuss their feelings about the situation d)Regular communication training sessions - ANSWER-a) An anonymous and confidential HR hotline What is the best way for HR leaders to communicate acceptable and ethical behaviors in the workplace? a) Provide written protocols about what constitutes as ethical and unethical behavior b) Relay that employees are continuously monitored with in-house cameras, os they should be especially mindful of their work behavior c) Model acceptable and ethical behavior themselves, as much as possible d)Tell employees at their new hire orientation - ANSWER-c) Model acceptable and ethical behavior themselves, as much as possible Modeling ethical behavior is the most effective way to show employees what is acceptable in the workplace. The other methods listed can help, but they may not be very effective on their own The CEO of a company holds bi—weekly meetings with his entire organization to relay new information about the company performance, trends, and personal opinion relating to the industry. What is this an example of? - ANSWER-Transparency Transparency allows employees to know what is going on in most, if font all, aspects of the organization as it relates to their job. Hi transparency is associated with employees who feel valued, validated and report high morale. Where should an employee first encounter an organization's ethical standards and polices? a) At the new hire orientation b) During the first interview c) In the job posting for his or her role d)By reading a company press release - ANSWER-c) In the job posting for his or her role a)An employee who is temporarily laid off b)An employee who is out sick with the flu c)An employee who is out on military leave right before the elections d)A staff member who is out of the office on a medical leave of absence and who will not be returning to work - ANSWER-d) A staff member who is out of the office on a medical leave of absence and who will not be returning to work Under the Taft-Hartley Act, which of the following is illegal? a) Creating a company-sponsored labor union b)An employee deciding to contribute to a charity instead of paying union dues, due to their religious objection c)An employer filing an unfair labor practice charge against a union d)A union representing nonunion employees in the bargaining unit - ANSWER-a) Creating a company-sponsored labor union What is the Taft-Hartley Act? - ANSWER-is a United States federal law that restricts the activities and power of labor unions. Which of the following is a true statement regarding a modified duty assignment? a)A modified duty assignment is a temporary reassignment that seeks to accommodate employees who are recovering from illness or injury b)A modified duty assignment is a permanent arrangement of work to accommodate employees who are injured c) In order to make more money, a modified duty assignment is more work given to employees who ask for it d) Injured employees must accept a modified duty assignment and be examined by a licensed physician to be cleared for the assignment. - ANSWER-a) A modified duty assignment is a temporary reassignment that seeks to accommodate employees who are recovering from illness or injury Which of the following most accurately describes a procurement policy? a)A procurement policy is a strategy that employers use to find the most qualified employees b)A procurement policy is an organization's strategy to obtain and secure goods and services in an orderly and beneficial way to minimize cost and maximize savings c)A procurement policy is an analysis of an organization's inventory in order to determine what supplies are needed d)A procurement policy is any action that an organization takes to find a new location - ANSWER-b) A procurement policy is an organization's strategy to obtain and secure goods and services in an orderly and beneficial way to minimize cost and maximize savings What is a hazard communication program, and is it legally binding? - ANSWER-A hazard communication program is a mandate from OSHA that requires employers to