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Corporate Social Responsibility & Business Strategy: Practice Questions - Part I, Exams of Human Resource Management

A series of multiple-choice questions and answers related to key concepts in corporate social responsibility, governance, and business strategy. It covers topics such as the definition and principles of csr, the triple bottom line, stakeholder engagement, corporate governance frameworks, risk management, and business restructuring. The questions are designed to test understanding of these concepts and their application in real-world business contexts.

Typology: Exams

2024/2025

Available from 11/05/2024

lucinda-bernadette
lucinda-bernadette 🇺🇸

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Download Corporate Social Responsibility & Business Strategy: Practice Questions - Part I and more Exams Human Resource Management in PDF only on Docsity! APHR Practice questions - Part I | Comprehensive Questions and Answers Latest Updated 2024/2025 With 100% Verified Solutions 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 - ✔✔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 - ✔✔d) People, planet and profit What's the purpose of a vision statement? - ✔✔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 - ✔✔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. II. One purpose of organizational branding is to establish a distinctive image for customers to automatically recognize III. Organizational branding allows entities to create a perception of the values and ethics for which it stands IV. Organizational branding focuses on promoting the benefits of the company in order to appeal to a target audience a) I,II and IV only b) I,III, and IV only c) II and III only d) I,II and III only - ✔✔d) I,II and III only What is the main purpose of a cost-benefit analysis? - ✔✔When evaluating a policy or program, a cost- benefit analysis empirically tests it efficacy to ensure that resources aren't squandered What are business metrics? - ✔✔Business metrics are quantifiable measures that describe the productive capacity of a policy, program or product All of the following are part of the core meaning of competitive advantage EXCEPT? 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 - ✔✔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 - ✔✔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 - ✔✔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 - ✔✔c) Shareholders What are stakeholder? - ✔✔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? - ✔✔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 - ✔✔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? - ✔✔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 - ✔✔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 provide a written copy to the manager c) Set up a meeting with Myra to discuss how she allocated resources and what went successfully as well as what did not go successfully and use this data to plan d) Ask the HR intern to devote all of - ✔✔c) Set up a meeting with Myra to discuss how she allocated resources and what went successfully as well as what did not go successfully and use this data to plan Michael leads an HR department at a federal agency. He is in the planning stage for the new fiscal year and is thrilled that he has created initiatives that are highly detailed and comprehensive and use the resources of contracts his agency currently has in place. He is very attracted to the outcomes of these initiatives. However, a presidential election is taking place in one month that will likely affect the contracts that are awarded to his agency. What can Michael do to protect his new fiscal year plans? a) Ensure that there is leftover money from the previous fiscal year to serve as a cushion should he not receive expected contracts b) Create backup plans for all of the contracts that may be affected, while calmly accepting that some changes may be unanticipated and out of his control c) Nothing, he has alley distributed them to employees and archived them on the organization's servers d) Find a new job - ✔✔b) Create backup plans for all of the contracts that may be affected, while calmly accepting that some changes may be unanticipated and out of his control Larry manages three HR employees. Jane is in charge of compensation and benefit tasks, Ira is in charge of risk management tasks, and Samir is in charge of recruitment and hiring. Samir has an illness that The Vice President of an organization has noticed that a particular employee, Ben, has been working extremely hard and has made positive impression on a large majority of the organization's leadership. The Vice President meets with Ben and asks him about is work. Ben shares all of the accomplishments that his team has achieved in the last quarter. What is Ben displaying during this meeting? a) Ego b) Individualist behavior c) Team-oriented culture d) Humility - ✔✔c) Team-oriented behavior Rather than speaking about all of his hard work and contributions, Ben chose to share his team's accomplishments without singling anyone out. This is a display of strong team-oriented culture in the workplace During a project meeting, Mary creates a table that includes a detailed description of every task needed for the project, a deliverable date for each task , and the owner of each task. Each member is able to access and update the table with status updates. What is Mary helping her team to do? a) Helping each member feel accountable b) Micromanaging c) Modeling ethical behavior d) Collecting data - ✔✔a) Helping each member feel accountable Soliciting feedback from stakeholders is an important part of which of the following process stages? a) Evaluation b) control c) Testing d) Documentation - ✔✔a) Evaluation Feedback is an important part of the evaluation stage, which examines if processes were implemented smoothly, effectively and provided value Which of the following is an exception to the concept of employment-at-will? a) An employee who decided to willing sever the employment relationship b) An employee who is terminated for whistleblowing or for reporting unlawful conduct by the employer c) An employer who lets an employee go who does not have an employment contract d) An employee who is fired for willful misconduct - ✔✔b) An employee who is terminated for whistleblowing or for reporting unlawful conduct by the employer A truck driver kills a family's small child in an accident, and it is later uncovered that the truck driver lied on his employment application, had a history of unsafe driving, and has his license revoked twice. The employer was ultimately held responsible by the family's attorney for which of the following? a) Negligent retention b) Constructive discharge c) Negligent hiring d) Defamation - ✔✔c) Negligent hiring Which of the following activities is considered to be a fair labor practice? a) Hot cargo agreement b) Jurisdictional strike c) Secondary boycott d) Sympathy strike - ✔✔d) Sympathy strike All but Sympathy strike are considered to be unfair labor practice What is a sympathy strike? - ✔✔a strike in which the strikers have no direct grievance against their own employer but attempt to support or aid usually another group of workers on strike. What is a hot cargo agreement? - ✔✔Hot-cargo agreement is an agreement between an employer and a union in which the employer agrees not to handle or work on any freight or product coming from another person with whom the union has a dispute What is a jurisdictional strike? - ✔✔a concerted refusal to work undertaken by a union to assert its members' right to particular job assignments and to protest the assignment of disputed work to members of another union or to unorganized workers. What is a secondary boycott? - ✔✔industrial action by a union against a company on the grounds that does business with another company engaged in a labor dispute. Which of the following employees would not be eligible to vote in an upcoming union election? 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 - ✔✔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 - ✔✔a) Creating a company- sponsored labor union What factors data PESTLE analysis take into consideration? - ✔✔Political, economic, social, technological, legal, and environmental trends that influence the organization What is the purpose of a root cause analysis? - ✔✔To determine the foundation-level reason as to why an overarching issue is occurring What are 2 popular search tools to find peer-reviewed, evidence-based research? a) CNN and FOX b) Medline and Yahoo News c) Google Scholar and PubMed d) People Quest and People Soft - ✔✔c) Google Scholar and PubMed Meeting, learning from , and socializing with colleagues within and outside of one's organization is know as which of the following practices? a) Networking b) Achieving work-life balance c) Formal Education d) Fraternizing - ✔✔a) Networking Lisa is an HR generalist that is posting a job online. She is proud of her company's benefits system and wants to highlight some of them in the posting. What types of benefits could she include in the job posting? a) Company-sponsored worksite wellness program, 401(k) matching up to 5% and an annual sponsored mindfulness retreat b) Job tasks, including the amount of time spent sitting each day c) Number of direct reports for the position d) An exact salary number - ✔✔a) Company-sponsored worksite wellness program, 401(k) matching up to 5% and an annual sponsored mindfulness retreat During new hire orientation, Joe wants to illustrate the company culture to new employees. What are some things he could share with them to show the organization's culture? a) Share that employees can choose to work remotely one day per week, that leadership sit with employees in an open workplace, and the last Friday of each month is used to celebrate an employee's personal heritage b) Share that new equipment will be delivered at the end of the month, and that he will follow up with each employee on assignment c) Share his personal career story, beginning from choosing a major in college d) Enroll employees in a required CPR/AED course - ✔✔a) Share that employees can choose to work remotely one day per week, that leadership sit with employees in an open workplace, and the last Friday of each month is used to celebrate an employee's personal heritage