APHR CERTIFICATION EXAM 2 LATEST VERSIONS (VERSION A AND B) ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES|ALREADY GRADED A+

APHR CERTIFICATION EXAM 2 LATEST VERSIONS

(VERSION A AND B) 2023-2024 ACTUAL EXAM 200

QUESTIONS AND CORRECT DETAILED ANSWERS WITH

RATIONALES|ALREADY GRADED A+

All of the following are part of the core meaning of competitive advantage

EXCEPT?

a) A competitive advantage is the practice of constantly attempting to increase

market share by exploiting advantages

b) By constantly developing a labor force and technology, competitive advantage

is pursued by al corporations in order to edge out competitors in the market

c) It's mandatory that organizations pursue policies of competitive advantage

because they all want to maximize output and increase market share

d) Competitive advantage is a type of benefit that customers believe they could not

get anywhere else - ANSWER- d) Competitive advantage is a type of benefit that

customers believe they could not get anywhere else

Which of the following statements LEAST describes corporate governance?

a) Corporate governance is the established policies, rules and standard that

organizations follow in order to fulfill its vision and goal as a for-profit entity and a

stakeholder in the broader community

b) Public policy influences corporate governance, i.e Sarbanes-Oxley Act

c) Corporate governance addresses rules, practices and institutions that protects

and manages ecosystems in relation to the environment

d) Corporate governance is necessary to establish an organization's self image and

can be used as an instrument to restore institutional trust - ANSWER- c) Corporate

governance addresses rules, practices and institutions that protects and manages

ecosystems in relation to the environment

What is corporate governance? - ANSWER- Corporate governance is the system

by which companies are directed and controlled. Boards of directors are

responsible for the governance of their companies. The shareholders' role in

governance is to appoint the directors and the auditors and to satisfy themselves

that an appropriate governance structure is in place.

What is the Sarbanes-Oxley Act? - ANSWER- The Sarbanes-Oxley Act of 2002 is

a federal law that established sweeping auditing and financial regulations for

public companies.

Lawmakers created the legislation to help protect shareholders, employees and the

public from accounting errors and fraudulent financial practices.

Which of the following is true about corporate restructuring?

a) Corporate restructuring is intended to make a firm more competitive

b) Corporate restructuring is a change in operations, legal code or ownership inside

of a firm

c) Corporate restructuring is only a euphemism for cutting labor and lowering

wages

d) The principle purpose of corporate restructuring is to increase profits for senior

executives - ANSWER- b) Corporate restructuring is a change in operations, legal

code or ownership inside of a firm

Which of the following best describes enterprises risk management (ERM)?

a) Enterprise risk management is when each department crafted its own policies

and procedures for handling sues of risk and loss

b) Enterprise risk management policies are crafted only by senior executives and

then handed down to all departments to follow

c) Enterprise risk management is the process of establishing a broad but

comprehensive protocol for handling issues of risk and loss

d) Enterprise risk management is when a company participates in a high-risk

situation in order to maximize profits for the good of the company - ANSWER- c)

Enterprise risk management is the process of establishing a broad but

comprehensive protocol for handling issues of risk and loss

All of the following is true about offshoring EXCEPT?

a) Offshoring is typically done to reduce the cost of business

b) Offshoring involves sifting business operations to a country where business can

be conducted at lower costs

c) The only beneficiary of offshoring is the company itself

d) Offshoring is one aspect of corporate restructuring that permits a company to

remain competitive - ANSWER- c) The only beneficiary of offshoring is the

company itself

What is offshoring? - ANSWER- the practice of basing some of a company's

processes or services overseas, so as to take advantage of lower costs.

relocate (a business or department) to a foreign country to take advantage of lower

costs.

All of the following is necessary for an organization to pay attention to the

legislative and regulatory environment EXCEPT?

a) To anticipate Chang's and craft corporate governance policies that address new

regulations and legislation

b) to engage in lobbying efforts in order to fight proposed changes that could be

damaging to the corporation

c) To modify and make new legislative and regulatory changes more palatable

d) To examine competitors and match their own legislation to that of other

corporations - ANSWER- d) To examine competitors and match their own

legislation to that of other corporations

Which definition most accurately explains a whistle-blower?

a) A whistle blower is a person who reports any unethical information about an

organization

b) A whistle blower is a person hired by an organization to cover up illicit or

unethical activities

c) A whistle blower is a person who reports or publicizes any illegal or unethical

information about the institution. Whistle blower status is only granted when the

organization is private

d) A whistle blower reports or publicizes any illegal or unethical information about

the institution. Whistle blower status is only granted when the organization is

public - ANSWER- a) A whistle blower is a person who reports any unethical

information about an organization

Which of the following is NOT a key component of a business plan?

a) Annual goals

b) Projected growth targets

c) Net income expectations