A development strategy that relies on interpersonal relationships where a senior person helps a junior or inexperienced person is called

Question 1
A development strategy that relies on interpersonal relationships where a senior person helps a junior or inexperienced person is called:
Answer
Mentoring
Coaching
Shadowing
Organizational development

Question 2
Which of the following is most true about leadership development in companies known for their excellence in this area?
Answer
Leadership training is a formal program run by the HR department
Leadership development is a performance benchmark of the existing leadership team
Leadership candidates are left to show initiative and find development opportunities of their own.
Companies hire in people with proven leadership skills from previous jobs.

Question 3
(C6) Evaluation helps determine whether the HRM function is meeting its objectives and effectively using its budget. This refers to
Answer
auditing.
providing accountability.
marketing the function.
employee selection.

Question 4
(C4) Countries with which kind of cultural dimension tend to have the flattest salary structures?
Answer
Long-term oriented
Short-term oriented
Individualistic
Collectivist

Question 5
Why is it necessary to consider the learning curve of resources on a project?
A. To estimate labor costs properly
B. To improve project team morale
C. To determine the number of individuals needed for a project
D. Collective bargaining contracts require it

Question 6
The budgeting approach based on the collective judgments of top and middle managers is called:
A. top-down budgeting.
B. bottom-up budgeting.
C. activity budgeting.
D. program budgeting.

Question7
Which of the following does NOT require further analysis after major risks are identified using scenario analysis?
A. Probabilities of each outcome
B. Expected timing of each outcome
C. Probability of each risk event occuring
D. Expected involvement from the project team

Question 8
A problem with bottom-up budgeting is:
A. individual team members may overstate their budget needs.
B. lack of involvement from the project team.
C. underestimating the project task’s budget requirements.
D. project manager must rely on the accounting department to make special allowances for his/her project.

Question 9
Traditional organizational budgets are typically __________ oriented.
A. program
B. expense
C. activity
D. operationally

Question 10
The name given to the budgeting process that aggregates income and expenditures across projects is:
A. activity-oriented budget.
B. top-down budget.
C. bottom-up budget.
D. program-oriented budget.

Question 11
The first unit requires 10 hours to complete. If the industry uses an 80 percent learning rate, how long should the third unit take?
A. 10 hours
B. 9 hours
C. 8 hours
D. 7.02 hours

Question 12
The first unit required 6 hours. If the industry uses a 90 percent learning rate, how long should the fourth unit take?
A. 6 hours
B. 4.86 hours
C. 3.75 hours
D. 3.34 hours

Question 13
FMEA stands for:
A. Financial Methods and Efficiency Analysis.
B. Failure Modes and Effect Analysis.
C. Full Monetary Expenditure Accrual.
D. Financial Measurement of Expenses Accrued.

Question 14
Which of the following is most closely associated with FMEA?
A. Risk priority number
B. Game theory
C. Expected value
D. Simulation

Question 15
Which of the following is NOT a sub process associated with risk management?
A. Risk identification
B. Risk measurement
C. Qualitative risk analysis
D. Risk response planning

Question 16
Which of the following is NOT true regarding top-down budgeting?
A. It is based on the collective judgments of top and middle managers.
B. Overall project costs are estimated by top and middle managers and then passed on to the next lower level.
C. The overall budget cost is generally not very accurate.
D. Overlooking small but important tasks can lead to a serious budgetary problem.

 

Question 17
Which of the following is NOT true regarding bottom-up budgeting?
A. The method tends to be inaccurate in the detailed tasks.
B. The WBS is used to identify the elemental tasks.
C. It is rarely used.
D. It is a good managerial training technique.

Question 18
A task is expected to take 20 hours of labor at $25 per hour. The required material cost is $500, and the organization charges 30% of direct labor for overhead. The total task cost is:
A. $500
B. $1,150
C. $1,250
D. $1,500

Question 19
There is a 30 percent chance that a new product development project will result in sales of $500,000 and a 70 percent chance that the project will result in sales of $100,000. What is the expected value of this project?
A. $220,000
B. $240,000
C. $300,000
D. $320,000

 

Question 20
Which of the following is most closely associated with FMEA?
A. Risk priority number
B. Game theory
C. Expected value
D. Simulation

 
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