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Millennials value hard work and will rarely use vacation time.

A) True
B) False

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The least effective way to retain human capital is to


A) encourage employee identification with organizational mission and goals.
B) provide employees with a challenging and stimulating work environment.
C) require employees to sign agreements that prevent them from working for competitors in the future.
D) provide employees with financial and nonfinancial rewards and incentives.

E) A) and B)
F) A) and C)

Correct Answer

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When an organization tries to improve cycle times in a manufacturing process,it finds far more value in problem solving shaped by the diverse experiences,perspectives,and learning of a tightly knit team than in a training manual alone.SAP uses these _________ flows to gain competitive advantage.


A) knowledge stocks
B) knowledge assessments
C) knowledge
D) tacit

E) B) and C)
F) C) and D)

Correct Answer

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Social capital is a source of strength to many firms.Firms leverage their social capital in an effort to create competitive advantages.The social capital of a firm is based on the


A) individual abilities of employees.
B) allocation of the financial resources of the firm.
C) knowledge of an individual.
D) relationships among the employees of the firm.

E) C) and D)
F) B) and D)

Correct Answer

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Since electronic teams (e-teams)seldom meet face-to-face,it is not important for them to be concerned with how to combine individual contributions effectively.

A) True
B) False

Correct Answer

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Generally,teams suffer process loss because of low cohesion,low trust among members,a lack of appropriate norms or standard operating procedures,or a lack of shared understanding among team members about their tasks.

A) True
B) False

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Knowledge workers are more loyal to their companies than traditional workers.

A) True
B) False

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When Michael Reene left Andersen Consulting,eventually he joined Third Millennium as CEO with a small salary and 20 percent ownership position.He brought others with him,who brought others with them.This was possible because of the Pied Piper effect.

A) True
B) False

Correct Answer

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Dynamic capabilities do not allow a firm to create a series of temporary advantages through new resource configurations.

A) True
B) False

Correct Answer

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The text suggests that talented professionals are typically most concerned about financial rewards.Money is the top reason why such employees take and leave jobs.

A) True
B) False

Correct Answer

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Which of the following is not a dynamic capability?


A) the ability to sense and seize new opportunities
B) the ability to generate new knowledge
C) the ability to reconfigure existing assets
D) the ability to submit to conventional industry and market wisdom

E) All of the above
F) A) and C)

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Social capital has downsides.Which of the following is a downside?


A) High social capital may breed groupthink.
B) Socialization processes are inexpensive.
C) Individuals may be more willing to collaborate on joint projects.
D) Management commitment is easy to obtain.

E) None of the above
F) A) and C)

Correct Answer

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To increase productivity,several key lessons were learned by top management at London-based International Power concerning email.Which is not in that list of lessons?


A) Executives need to be taught to be more deliberate in their use of email.
B) Executives need to set goals for reducing the number of messages sent.
C) Executives need to provide weekly feedback.
D) Executives need to eliminate email completely.

E) B) and C)
F) A) and D)

Correct Answer

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The importance of human capital has decreased in recent years.For this reason,many firms have placed greater attention on attracting talent,but not on developing or retaining it.

A) True
B) False

Correct Answer

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In a 360-degree evaluation and feedback system,which of these does not rate the skills and performance of an individual?


A) superiors
B) family
C) direct reports
D) colleagues

E) A) and C)
F) None of the above

Correct Answer

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The gap between company market value and book value is far greater for knowledge-intensive corporations than for firms with strategies based primarily on intangible assets.

A) True
B) False

Correct Answer

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In most effective evaluation and reward systems employees only receive evaluation and feedback from their immediate supervisor.

A) True
B) False

Correct Answer

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An internal work opportunity market for employees is one means of increasing employee retention.

A) True
B) False

Correct Answer

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Knowledge-based resources tend to be more explicit in nature.

A) True
B) False

Correct Answer

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In order to take advantage of investment in human capital,a firm should


A) rotate workers through functions in the company as quickly as possible.
B) keep employees in the same position forever.
C) refrain from training individual employees.
D) establish practices that will enhance employee retention.

E) None of the above
F) A) and D)

Correct Answer

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