The critical role of the SHRM Application Tool is to’

A. Outline techniques, frameworks, and six steps that must be followed to effectively implement change in an organisation.
B. Develop a better strategic management process to deal with the dynamic changing environment today’s organisations face.
C. Identify and assess a narrow group of actions and plan how the organisation can overcome resistance to change.
D. identify if the organisation ‘has enough staff, if the staff heed training, if the compensation practices are appropriate, and if jobs are designed correctly
✅ The correct answer is option B.
The critical role of the SHRM Application Tool is to Develop a better strategic management process to deal with the dynamic changing environment today’s organisations face.

Exchange rate of foreign currency fluctuate day to day because of

A. demand and supply
B. increased maturity
C. decreased maturity
D. instrument availability
✅ The correct answer is option A.
Exchange rate of foreign currency fluctuate day to day because of demand and supply. An exchange rate is the value of one nation’s currency versus the currency of another nation or economic zone.

Names of foreign bonds are used to denote

A. country of premium
B. country of origin
C. country of selling
D. country of discount
✅ The correct answer is option B.
Names of foreign bonds are used to denote country of origin. A foreign bond is a bond that is issued in a domestic market by a foreign entity, in the domestic market’s currency.

A country has a negative balance of trade it means the balance of payments on current account

A. Should also be negative
B. Should be positive
C. May be positive or negative
D. Should be same as balance of trade
✅ The correct answer is option D.
A country has a negative balance of trade it means the balance of payments on current account should be same as balance of trade. The balance of trade is the difference between the value of a country’s imports and exports for a given period. The balance of trade is the largest component of a country’s balance of payments.

Type of negotiable certificate of deposits is usually classified as

A. primary instrument
B. bearer instrument
C. term instrument
D. interim instrument
✅ The correct answer is option B.
Type of negotiable certificate of deposits is usually classified as bearer instrument. A bearer instrument, or bearer bond, is a type of fixed-income security in which no ownership information is recorded and the security is issued in physical form to the purchaser.

What type of audience are, people who have to act or make decisions on the basis of the report

A. Primary
B. Secondary
C. Immediate
D. None of the above
✅ The correct answer is option A.
Primary type of audience are, people who have to act or make decisions on the basis of the report. The Most Significant Audiences While some primary audiences are fairly narrow (e.g., the employees of a specific set of employers or patients with a specific health condition), your primary audience may be very broad (e.g., all consumers in the State).

Strategy-implementation activities include

A. conducting research
B. measuring performance
C. preparing a TOWS matrix
D. establishing annual objectives
✅ The correct answer is option D.
Strategy-implementation activities include establishing annual objectives. The strategic plan addresses the what and why of activities, but implementation addresses the who, where, when, and how.

Inflation rate in United States is added into real rate of interest to calculate

A. quoted interest rate in United States
B. nominal interest rate in United States
C. interest rate in United States
D. discount rate of country
✅ The correct answer is option C.
Inflation rate in United States is added into real rate of interest to calculate interest rate in United States. Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time.