2012 PHR Exam - Business Management & Strategy

Process that helps an organization focus on how to succeed in the future by evaluating the organization's current status, where it would like to be, and how to get there.

The tool that enables more timely access to shared data throughout the organization. This information is sometimes shared with external partners, such as suppliers.

What are the 5 characteristics that separate a profession from an occupation?

What are the changes in the workplace and workforce that HR will be faced with?

A network that delivers products and services from raw materials to end users.

This Act change corporate governance and reporting standards and underscored board of director's responsibility to help ensure financial accountability, accuracy and compliance.

Requires greater transparency and accountability in the financial industry.

Alliance between organizations to create processes and information channels that allow communication and collaboration.

TRUE or FALSE. The Sarbanes-Oxley Act (SOX) does not cover insider trading and whistleblowing issues.

A series of tasks and activities that have a stated goal and objectives, a schedule with a defined start and end dates, and a budget with limits.

What are the 4 Functions of Management?

Designing and interview process is which Function of Management?

Ensuring that everything is carried out according to plan.

The use of standard research tools, such as surveys and focus groups, to analyze data to generate findings that are objective, valid and reliable.

TRUE or FALSE. A project must have a budget that sets limits on the dedicated use of resources.