MCQs on Resource audit – Resources and capabilities

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A Resource Audit identifies the resources available to an organisation. By determining what resources, they already have, organisations can identify
MCQs on Resource audit

MCQs on Resource audit

A Resource Audit identifies the resources available to an organisation. By determining what resources, they already have, organisations can identify what additional resources are required to pursue their chosen strategy. Here on MCQs.CLUB we have prepared helpful Multiple-Choice Questions on Resource audit and resources and capabilities of an organization that fully cover Practice Questions on human resource audit, hrm audit, hr audit, its meaning, types and with examples. These MCQs are general guidelines and a resource audit tools and these mcq on human resource audit are also useful for professional accountancy exams, business management exams and competitive exams.

  1. Position Audit is ‘part of the planning process which examines the current state of the entity in respect of:
    1. Resources of tangible and intangible assets and finance
    2. Products, brands and markets
    3. Operating systems such as production and distribution
    4. Internal organization
    5. Current results
    6. Returns to stockholders’
    1. (I) (III) and (VI) only
    2. (II) (IV) and (VI) only
    3. All of the above
    4. None
  1. The elements of the position audit are:
    1. Resource audit
    2. Analysis of limiting factors
    3. Identification of threshold resources/competences
    4. Identification of unique resources/core competences
    5. All of the above
  1. A “Resource Audit” identifies the resources available to an organisation. By determining what resources, they already have, organisations can identify what additional resources are required to pursue their chosen strategy.
    1. The above statement is correct
    2. The above statement is incorrect
  1. Which of the following is correct?
    1. An organisation’s ability to survive and prosper, and to deliver future value, depends on its strategic capability.
    2. Strategic capability.can be defined as the adequacy and suitability of the resources and competences the organisation has, and which are necessary for its future success.
    3. Both A&B
    4. None
  1. When evaluating an organisation’s strategic capability, which of the following questions are important:
    1. Does the organisation have a suitable business model to deliver future success, based on an understanding of the sources of competitive advantage that contribute to profitability and growth across the value system of the organisation?
    2. Does it have the people, processes and resources it needs to be able to deliver this success?
    3. Both A&B
    4. None
  1. Companies often need to acquire assets or competences from outside their own controllable resources and competence-building activities in order to enhance the value they create. The ‘external’ resources can include:
    1. Integrated supply chains
    2. Networks of firms
    3. Longer-term alliances
    4. Acquisition of, or merger with, another company
    5. All of the above
  1. The ability to achieve new forms of competitive advantage, by developing and changing competences to meet the needs of rapidly changing environments is known as dynamic capability.
    1. True
    2. False
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