Which one of the following activities most likely indicates that a firm is implementing a vertical integration strategy?

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Human Resource Management, 15e (Dessler)

Chapter 3 Human Resource Management Strategy and Analysis

1) ________ defines the nature of the company's business in terms of how it will match its

internal strengths and weaknesses with its external opportunities and threats in order to maintain

a competitive position.

A) Financial auditing

B) Strategic planning

C) Employee benchmarking

D) Employee testing

Answer: B

Explanation: B) Strategic planning is the company's overall planning for how it will match its

internal strengths and weaknesses with its external opportunities and threats in order to maintain

a competitive position.

Difficulty: Moderate

Chapter: 3

Objective: 1

AACSB: Analytical Thinking

Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic

management process.

2) ________ involves setting objectives, making forecasts, reviewing alternative courses of

action, evaluating options and implementing the plan.

A) The management planning process

B) Financial auditing

C) Employee testing

D) Employee benchmarking

Answer: A

Explanation: A) The basic management planning process involves setting objectives, making

forecasts, reviewing alternative courses of action, evaluating options and implementing the plan.

Planning is always goal-directed.

Difficulty: Moderate

Chapter: 3

Objective: 1

AACSB: Analytical Thinking

Learning Outcome: 3.1 Explain with examples each of the eight steps in the strategic

management process.