BUS 381 Midterm || 100% Errorless Answers.
What is an organization correct answers A group consisting of people with formally assigned
roles who work together to achieve the organizations goals.
Who is a Manager correct answers Someone who is responsible for accomplishing the
organizations goals, and who does so by managing the efforts of the organizations people.
What is Managing correct answers To perform five basic functions: planning, organizing,
staffing, leading, and controlling.
Management Process correct answers planning, organizing, staffing, leading, controlling
Human Resource Management correct answers The management of people in organizations to
drive success ful organizational performance and achievement of the organizations strategic
goals.
Strategic Plan correct answers The companys plan for how it will match its internal strengths and
weaknesses with external opportunities and threats in order to maintain a competitive advantage.
Strategy correct answers A course of action the com pany can pursue to achieve its strategic aims
Strategic Management correct answers The process of identifying and executing the
organizations strategic plan by matching the companys capabilities with the demands of its
environment.
Human Capital correct answers The knowledge, education, training, skills, and expertise of an
organizations workforce.
Outsourcing correct answers The practice of contracting with outside vendors to handle specified
business functions on a permanent basis
Evidence Based HRM correct answers Use of data, facts, analytics, scientific rigour, critical
evalu ation, and critically evaluated research/case studies to sup port human resources man
agement proposals, decisions, practices, and conclusions
Metrics correct answers Statistics used to measure activities and results
Strategy Map correct answers A strategic planning tool that shows the big picture of how each
departments performance contributes to achieving the companys overall strategic goals
Balanced Scorecard correct answers A measurement system that translates an organizations
strategy into a comprehensive set of performance measures.
, Digital Dashboards correct answers Presents the manager with desktop graphs and charts, a
computerized picture of where the company stands on all those metrics from the HR scorecard
process
Certification correct answers Recognition for having met certain professional standards.
Social Responsibility correct answers A companys approach to bal ancing its commitments, not
only to its investors but also to its employees and custom ers, other businesses, and the
community or communities in which it operates.
Productivitiy correct answers The ratio of an organizations outputs (goods and services) to its
inputs (people, capital, energy, and materials).
Primary Sector correct answers Jobs in agriculture, fishing and trapping, forestry, and mining.
Secondary Sector correct answers Jobs in manufacturing and construction
Tertiary/Service Sector correct answers Jobs in public administra tion, personal and business
services, finance, trade, public utilities, and transportation/ communication
Contingent/Non-standard workers correct answers Workers who do not have regular full-time
employment status
Globalization correct answers The emergence of a single global market for most prod ucts and
services.
Organizational Culture correct answers The core values, beliefs, and assumptions that are widely
shared by members of an organization.
Organizational Climate correct answers The prevailing atmosphere that exists in an organization
and its impact on employees
Empowerment correct answers Providing workers with the skills and authority to make decisions
that would tradition ally be made by manager
Stare Decisus correct answers The decisions of a higher court can act as the binding author-ity on
a lower court decisions within that same jurisdiction.
Precedent correct answers The decision or interpretation of a court of another jurisdic-tion can
act as a persuasive authority regarding how legis-lation is to be interpreted and applied in other
jurisdiction
Tort Law correct answers Primarily judge based law, whereby a victim is provided compensation
for losses or damages in civil court (not criminal court)
What is an organization correct answers A group consisting of people with formally assigned
roles who work together to achieve the organizations goals.
Who is a Manager correct answers Someone who is responsible for accomplishing the
organizations goals, and who does so by managing the efforts of the organizations people.
What is Managing correct answers To perform five basic functions: planning, organizing,
staffing, leading, and controlling.
Management Process correct answers planning, organizing, staffing, leading, controlling
Human Resource Management correct answers The management of people in organizations to
drive success ful organizational performance and achievement of the organizations strategic
goals.
Strategic Plan correct answers The companys plan for how it will match its internal strengths and
weaknesses with external opportunities and threats in order to maintain a competitive advantage.
Strategy correct answers A course of action the com pany can pursue to achieve its strategic aims
Strategic Management correct answers The process of identifying and executing the
organizations strategic plan by matching the companys capabilities with the demands of its
environment.
Human Capital correct answers The knowledge, education, training, skills, and expertise of an
organizations workforce.
Outsourcing correct answers The practice of contracting with outside vendors to handle specified
business functions on a permanent basis
Evidence Based HRM correct answers Use of data, facts, analytics, scientific rigour, critical
evalu ation, and critically evaluated research/case studies to sup port human resources man
agement proposals, decisions, practices, and conclusions
Metrics correct answers Statistics used to measure activities and results
Strategy Map correct answers A strategic planning tool that shows the big picture of how each
departments performance contributes to achieving the companys overall strategic goals
Balanced Scorecard correct answers A measurement system that translates an organizations
strategy into a comprehensive set of performance measures.
, Digital Dashboards correct answers Presents the manager with desktop graphs and charts, a
computerized picture of where the company stands on all those metrics from the HR scorecard
process
Certification correct answers Recognition for having met certain professional standards.
Social Responsibility correct answers A companys approach to bal ancing its commitments, not
only to its investors but also to its employees and custom ers, other businesses, and the
community or communities in which it operates.
Productivitiy correct answers The ratio of an organizations outputs (goods and services) to its
inputs (people, capital, energy, and materials).
Primary Sector correct answers Jobs in agriculture, fishing and trapping, forestry, and mining.
Secondary Sector correct answers Jobs in manufacturing and construction
Tertiary/Service Sector correct answers Jobs in public administra tion, personal and business
services, finance, trade, public utilities, and transportation/ communication
Contingent/Non-standard workers correct answers Workers who do not have regular full-time
employment status
Globalization correct answers The emergence of a single global market for most prod ucts and
services.
Organizational Culture correct answers The core values, beliefs, and assumptions that are widely
shared by members of an organization.
Organizational Climate correct answers The prevailing atmosphere that exists in an organization
and its impact on employees
Empowerment correct answers Providing workers with the skills and authority to make decisions
that would tradition ally be made by manager
Stare Decisus correct answers The decisions of a higher court can act as the binding author-ity on
a lower court decisions within that same jurisdiction.
Precedent correct answers The decision or interpretation of a court of another jurisdic-tion can
act as a persuasive authority regarding how legis-lation is to be interpreted and applied in other
jurisdiction
Tort Law correct answers Primarily judge based law, whereby a victim is provided compensation
for losses or damages in civil court (not criminal court)
