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Business Acumen Quiz
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Business Acumen Quiz
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BUSINESS ACUMEN QUIZ QUESTIONSAND ANSWERS 100% SOLVED
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How are the concepts of value and the value chain related to strategy?
A. Value chain analysis identifies areas critical to strategic success.
B. These concepts relate primarily to for-profit enterprises.
C. The value chain defines what is important for the organization's stakeholders.
D. Value points to economic metrics that can be used to measure strategic success. - A.
A company has reached a point of stability in its internal processes and ways of doing business. What
stage of the life cycle characterizes this company?
A. Maturity
B. Decline
C. Growth
D. Introduction - A.
An HR data analyst uses internal and external data and translates it into meaningful information to
support an operations decision to relocate a distribution center to another state. What term best
describes the data analyst's activity?
A. Delphi technique
B. Root cause analysis
C. Business intelligence
D. Regression analysis - C.
What type of analytical task would be best served by online analytical processing (OLAP)?
A. Trying to establish a declining trend in the use of a wellness program
B. Identifying how many employees have quit in each functional area
C. Proving the cost-effectiveness of purchasing an HR application
, D. Exploring the types of variables that may be affecting attendance rates - D.
An organization has transitioned to a model where most employees work from home. Several smaller
regional offices are being planned, and the headquarters lease will be allowed to expire. What does HR
need to update to ensure a smooth flow of business after the changes?
A. Sales pipeline
B. Organizational charts
C. Business plan
D. Organizational strategic plan - B.
An HR specialist prepares a business case to support an initiative. The case includes descriptions of the
project's goals, benefits, method, budget, and time line. Which information is required to complete the
business case?
A. Analysis of the initiative's possible risks
B. Detailed description of the methodology that will be used
C. Endorsements from organization stakeholders
D. Communication plan the project team will use - A.
What budgeting method is based on how much it costs to perform different enterprise activities and
allocates funding according to the strategic significance of the activities?
A. Formula
B. Activity-based
C. Zero-based
D. Incremental - B.
A renowned financial institution, a former leader in the financial market, is now facing decelerated
growth. Its product portfolio lacks innovation compared to that of competitors. Although the institution
was once a favorite place to work, recently HR has been facing issues attracting top talent, and time-to-
hire metrics have deteriorated.
A technology gap between the leadership and the employees is beginning to widen. The founder, who is
very sales-oriented, is not an early adopter when it comes to technology. Since his client relationships all
began with face-to-face contact, he is wary that technology removes the personal element.
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