1. What approach to HR strategy formation advocates an internal focus as the basis for decision-making

1. best fit
2. best practice
3. resource-based view
4. balanced scorecard

2. HPWS stands for which of the following in HRMSection title

1. high Performance Work Systems
2. high-powered Work Systems
3. high Performance Working Standards
4. high Performance Worker Skills

3. Under the VRIO framework, which four characteristics of organisational assets are associated with the development of competitive advantage

1. veracity, rarity, inimitability, organisation
2. value, rarity, inimitability, organisation
3. value, randomness, inaccessibility, organisation
4. veracity, randomness,  inaccessibility, oddness

4. The balanced scorecard advocates the assessment of organisational performance according to which four dimensions

1. profitability, productivity, feedback, people
2. financial, operations, client, learning and development
3. profit, market share, turnover, productivity 
4. financial, customer, process, learning and development

5. Which approach to strategy formation is associated with responding to the unpredictability of an organisation’s immediate competitive environment

1. evolutionary
2. systems
3. classical
4. processual