APHR CERTIFICATION EXAM LATEST
VERSION ACTUAL EXAM 100 QUESTIONS AND
CORRECT DETAILED ANSWERS WITH
RATIONALES|ALREADY GRADED A+
All
... [Show More] of the following are part of the core meaning of competitive advantage EXCEPT?
a) A competitive advantage is the practice of constantly attempting to increase market share by exploiting advantages
b) By constantly developing a labor force and technology, competitive advantage is pursued by al corporations in order to edge out competitors in the market
c) It's mandatory that organizations pursue policies of competitive advantage because they all want to maximize output and increase market share
d) Competitive advantage is a type of benefit that customers believe they could not get anywhere else - ....ANSWER...d) Competitive advantage is a type of benefit that customers believe they could not get anywhere else
Which of the following statements LEAST describes corporate governance?
a) Corporate governance is the established policies, rules and standard that organizations follow in order to fulfill its vision and goal as a for-profit entity and a stakeholder in the broader community
b) Public policy influences corporate governance, i.e Sarbanes-Oxley Act
c) Corporate governance addresses rules, practices and institutions that protects and manages ecosystems in relation to the environment
d) Corporate governance is necessary to establish an organization's self image and can be used as an instrument to restore institutional trust - ....ANSWER...c) Corporate governance addresses rules, practices and institutions that protects and manages ecosystems in relation to the environment
What is corporate governance? - ....ANSWER...Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the 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 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 his time to her initiative - ....ANSWER...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 - ....ANSWER...b) Create backup plans for all of the contracts that may be affected, while calmly accepting that some changes may be [Show Less]