Foundations Of Business Quiz: Attracting And Retaining The Best Employees

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| By Susanjoypaul

Susanjoypaul

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Quizzes Created: 6 | Total Attempts: 2,131

Questions: 10 | Attempts: 215 | Updated: Mar 19, 2023

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Foundations Of Business Quiz: Attracting And Retaining The Best Employees - Quiz

This 10-question quiz covers the material presented in Chapter 9 of Business (Pride, Hughes, & Kapoor, 2014).
Pride, W. M., Hughes, R. J., & Kapoor, J. R. (2014). Business (12th Ed. ). Mason, OH: South-Western, Cengage Learning.

Questions and Answers

1.

The three phases of HRM (human resources management) are (select the best answer):
- A.
  
  Acquiring, feeding, and developing human resources
- B.
  
  Maintaining, developing, and firing human resources
- C.
  
  Developing, acquiring, and feeding human resources
- D.
  
  Acquiring, maintaining, and developing human resources
- E.
  
  None of the above
Correct Answer
D. Acquiring, maintaining, and developing human resources

Explanation
"As the definition implies, HRM begins with acquisition—getting people to work for the organization. The acquisition process can be quite competitive for certain types of qualified employees. Next, steps must be taken to keep these valuable resources. (After all, they are the only business resources that can leave an organization.) Finally, the human resources should be developed to their full capacity" (Pride, Hughes, & Kapoor, 2014).

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2.

The replacement chart and the skills inventory may be used for forecasting human resources supply.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
"Two useful techniques for forecasting human resources supply are the replacement chart and the skills inventory" (Pride, Hughes, & Kapoor, 2014).

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3.

Cultural diversity refers to differences in (check all that apply):
- A.
  
  Race
- B.
  
  Ethnicity
- C.
  
  Gender
- D.
  
  Opinion
Correct Answer(s)
A. Race
B. Ethnicity
C. Gender

Explanation
"Cultural (or workplace) diversity refers to the differences among people in a workforce owing to race, ethnicity, and gender" (Pride, Hughes, & Kapoor, 2014).

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4.

A job analysis typically consists of two parts. The part that includes the duties to be performed, the working conditions, the responsibilities, and the tools and equipment that must be used on the job is known as the (select the best answer):
- A.
  
  Job description
- B.
  
  Job specification
- C.
  
  Job analysis
- D.
  
  None of the above
Correct Answer
A. Job description

Explanation
"A job description is a list of the elements that make up a particular job. It includes the duties to be performed, the working conditions, the responsibilities, and the tools and equipment that must be used on the job" (Pride, Hughes, & Kapoor, 2014).

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5.

In selection, the idea is to hire the person with the most qualifications.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
"In selection, the idea is not to hire the person with the most qualifications but rather the applicant who is most appropriate" (Pride, Hughes, & Kapoor, 2014).

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6.

Types of workplace compensation include (check all that apply):
- A.
  
  Hourly wage
- B.
  
  Weekly or monthly salary
- C.
  
  Commissions
- D.
  
  Incentive payments
- E.
  
  Lump-sum salary increases
- F.
  
  Profit sharing
- G.
  
  Uniforms and office supplies
Correct Answer(s)
A. Hourly wage
B. Weekly or monthly salary
C. Commissions
D. Incentive payments
E. Lump-sum salary increases
F. Profit sharing

Explanation
"Most forms of compensation fall into the following categories: hourly wage, weekly or monthly salary, commissions, incentive payments, lump-sum salary increases, and profit sharing" (Pride, Hughes, & Kapoor, 2014).

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7.

Management development prepares managers to (select the best answer):
- A.
  
  Do their jobs more effectively and efficiently
- B.
  
  Assume increased responsibility in both present and future positions
- C.
  
  Chastise the people who work for them
- D.
  
  Work fewer hours for more pay
Correct Answer
B. Assume increased responsibility in both present and future positions

Explanation
"Management development is the process of preparing managers and other professionals to assume increased responsibility in both present and future positions." (Pride, Hughes, & Kapoor, 2014).

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8.

A performance appraisal allows managers to make objective human resources decisions.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
"Performance appraisal is the evaluation of employees’ current and potential levels of performance to allow managers to make objective human resources decisions" (Pride, Hughes, & Kapoor, 2014).

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9.

Legislation regarding HRM practices (check all that apply):
- A.
  
  Protect the rights of employees
- B.
  
  Promotes job safety
- C.
  
  Eliminates discrimination in the workplace
- D.
  
  Ensures that lawyers are gainfully employed
Correct Answer(s)
A. Protect the rights of employees
B. Promotes job safety
C. Eliminates discrimination in the workplace

Explanation
"Legislation regarding HRM practices has been passed mainly to protect the rights of employees, to promote job safety, and to eliminate discrimination in the workplace" (Pride, Hughes, & Kapoor, 2014).

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10.

The popular professional social media site where businesspeople in nearly every industry can network with their peers, showcase their credentials, research potential employers, and explore career possibilities is (select the best answer):
- A.
  
  Facebook
- B.
  
  LinkedIn
- C.
  
  Pinterest
- D.
  
  Tumblr
Correct Answer
B. LinkedIn

Explanation
"LinkedIn (www.linkedin.com) is a professionals’ social media site, an online place where businesspeople in nearly every industry can network with their peers, showcase their credentials, research potential employers, and explore career possibilities" (Pride, Hughes, & Kapoor, 2014).

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Current Version
Mar 19, 2023

Quiz Edited by
ProProfs Editorial Team
May 15, 2015

Quiz Created by
Susanjoypaul

Foundations Of Business Quiz: Attracting And Retaining The Best Employees

The three phases of HRM (human resources management) are (select the best answer):

The replacement chart and the skills inventory may be used for forecasting human resources supply.

Cultural diversity refers to differences in (check all that apply):

A job analysis typically consists of two parts. The part that includes the duties to be performed, the working conditions, the responsibilities, and the tools and equipment that must be used on the job is known as the (select the best answer):

In selection, the idea is to hire the person with the most qualifications.

Types of workplace compensation include (check all that apply):

Management development prepares managers to (select the best answer):

A performance appraisal allows managers to make objective human resources decisions.

Legislation regarding HRM practices (check all that apply):

The popular professional social media site where businesspeople in nearly every industry can network with their peers, showcase their credentials, research potential employers, and explore career possibilities is (select the best answer):