Question 1

Which of the following acts sets strict rules for businesses,especially for accounting practices that require more open and consistent disclosure of financial data and CEOs' assurance that the data is completely accurate?

Accepted Answer

The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act, was enacted in 2002 to set strict rules for businesses, particularly for accounting practices. It requires more open and consistent disclosure of financial data and requires CEOs to assure that the data is completely accurate.

Question 2

Which of the following arguments states that companies develop reputations on favorability as prospective employers for women and ethnic minorities?

Accepted Answer

The employee attraction argument posits that companies can enhance their attractiveness as employers by developing reputations for being favorable workplaces for women and ethnic minorities. This approach suggests that by fostering an inclusive and diverse work environment, organizations can attract a wider pool of talent.

Question 3

Which of the following arguments states that companies with the best reputations for managing diversity will win the competition for talent?

Accepted Answer

The employee attraction and retention argument states that companies with strong reputations for managing diversity are more likely to attract and retain talented employees from diverse backgrounds. This gives them a competitive advantage in the competition for talent.

Question 4

Which of the following is a core value of TQM?

Accepted Answer

The answer of Which of the following is a core...

Question 5

Which of the following arguments states that diversity of perspectives and less emphasis on conformity to norms of the past should improve the level of resourcefulness?

Accepted Answer

The argument that diversity of perspectives and less emphasis on conformity to norms of the past should improve resourcefulness is the creativity argument. When individuals bring different backgrounds and ideas to the table, they are more likely to generate novel and innovative solutions to problems. This can lead to increased resourcefulness and adaptability for organizations.

Question 6

Which of the following,if true,would support reshoring as a strategy for a U.S.firm?

Accepted Answer

The answer of Which of the following,if true,would support reshoring...

Question 7

Sampson Lighting was struggling to make a quality product and meet its payroll.The costs for labor were too high.They visited several countries and then decided to move the production side of the business.This is called

Accepted Answer

Moving production to another country is called offshoring.

Question 8

Which of the following is a characteristic of Millennials?

Accepted Answer

Millennials are known for their enthusiasm and eagerness to learn and work. They are also known for seeking approval and wanting to please others.

Question 9

Which of the following is true of virtual teams?

Accepted Answer

Virtual teams are often formed by combining top talent from different locations to tackle complex problems or projects, utilizing technology to communicate and collaborate despite physical distance. Therefore, option E is the best choice. Options A, B, and C are incorrect as virtual teams are by definition not located in the same physical location or time zone, and rely heavily on technology for communication and collaboration. Option D is incorrect as virtual teams may include partnerships with competitors, depending on the nature of the project or problem being addressed.

Question 10

Which of the following arguments emphasizes that reactions should be faster and cost less?

Accepted Answer

The answer of Which of the following arguments emphasizes that...

Question 11

Which of the following statements is true about the Sarbanes-Oxley Act of 2002?

Accepted Answer

The Sarbanes-Oxley Act of 2002 requires organizations to comply with strict regulations regarding their financial reporting and accounting practices. Compliance can be expensive, and organizations do spend millions of dollars each year to ensure they meet the requirements of the law. The other statements are false. The Act does include criminal penalties for corporate governing and accounting lapses, limits retaliation against whistle-blowers, and was passed in response to illegal and unethical behavior by executives toward shareholders and the public.

Question 12

Which of the following arguments states that heterogeneity in decisions potentially produces better decisions through a wider range of perspectives and critical analysis?

Accepted Answer

The argument that heterogeneity in decisions potentially produces better decisions through a wider range of perspectives and critical analysis is known as the problem-solving argument. When a diverse group of individuals with different backgrounds, experiences, and perspectives come together to solve a problem, they are able to approach it from multiple angles, leading to a more comprehensive and effective solution.

Question 13

Which of the following is one of the four characteristics of an ethical,successful company?

Accepted Answer

A company that emphasizes mutual benefits in its relationship with customers, clients, and vendors is exhibiting one of the four characteristics of an ethical, successful company. This means the company values mutually beneficial relationships rather than just pursuing its own self-interest. Options A, B, D, and E are all unethical or counterproductive behaviors for a successful company.

Question 14

With technology constantly changing and employers attempting to keep talented employees away from their competition,which legal issue may be on the rise in the United States?

Accepted Answer

With employers investing in technology and aiming to protect their competitive advantage, there is likely to be a greater focus on intellectual property protection. This may lead to an increase in legal issues related to the security of intellectual property, such as trade secret theft or patent infringement. The other options listed are unlikely to be on the rise, or are in fact contrary to existing legal requirements (such as providing health care coverage).

Question 15

Which of the following statements is true about the composition of the U.S.labor force in the next decade?

Accepted Answer

According to demographic projections, the median age of the U.S. labor force is expected to increase to the highest number ever in the next decade due to the aging of the baby boomer generation and a decline in birth rates. Options A, B, C, and E are incorrect because immigration is projected to continue affecting the workforce, the highest proportion of the labor force is expected to be in the 25-54 age group, the percentage of highly skilled immigrants is expected to increase, and the high cost of health insurance may impact employment decisions but is unlikely to cause a significant decrease in the workforce.

Question 16

Many companies today are having to redo their personnel policies to address the issue of social networking.This is due to a fear of

Accepted Answer

The fear that companies have regarding social networking and their personnel policies is that it may lead to lower productivity among employees. This is due to employees spending excessive time on social media platforms, which can interfere with their work and distract them from their tasks. Therefore, companies are implementing policies to limit or regulate access to social media during work hours to ensure that employees remain focused on their work and maintain productivity levels.

Question 17

Today's workforce is changing.Many recent college graduates will expect to be allowed to work a flexible schedule that meets their needs.How is this different from the baby boomer generation?

Accepted Answer

The baby boomer generation is known for their workaholic behavior, often prioritizing their job over other aspects of their life. However, recent college graduates prioritize work-life balance and seek out jobs with flexible schedules and policies that meet their needs.

Question 18

Which of the following is true of how different generations view each other?

Accepted Answer

The answer of Which of the following is true of...

Question 19

Which of the following is a prediction about legal issues regarding employment in the United States?

Accepted Answer

The answer of Which of the following is a prediction...

Question 20

Which of the following statements is true about Generation X?

Accepted Answer

Generation X, typically defined as those born between the mid-1960s and early 1980s, values skepticism and informality, reflecting their upbringing during times of societal change and the advent of digital technology.

Quiz 1: Human Resource Management: Gaining a Competitive Advantage