BUS 110: Exam 3 Review 2026 Questions
and Answers
Human Resource Management - Correct answer-All the activities involved in
determining an organization's human resources needs, as well as acquiring,
training, and compensating people to fill those needs
Job Description - Correct answer-Describes the job that you will be doing and it
will have everything listed that you should know about the job
Job Specification - Correct answer-Description of the qualifications necessary for a
specific job, in terms of education, experience, and personal and physical
characteristics
Recruiting - Correct answer-Forming a pool of qualified applicants from which
management can select employees
Compensation - Correct answer-Something, typically money, awarded to someone
as a recompense for loss, injury, or suffering. Wages and Salary
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, Marketing Concept - Correct answer-Idea that the social and economic justification
for an organization's existence is the satisfaction of customer wants and needs
while meeting organizational objectives
Product Line - Correct answer-Group of closely related product items viewed as a
unit because of marketing, technical, or end-use considerations
Life Cycle of a Product - Correct answer-Product steps that include resources
needed to make an object, manufacturing, useful life and disposal
Labor Union - Correct answer-Organized association of workers, often in a trade or
profession, formed to protect and further their rights and interests.
3 Strategies to Solve Union Negotiation Impasse - Correct answer-Conciliation
Mediation
Arbitration
Conciliation - Correct answer-Method of outside resolution of labor and
management differences in which a third party is brought in to keep the two sides
talking
Mediation - Correct answer-Negotiation to resolve differences conducted by some
impartial party
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and Answers
Human Resource Management - Correct answer-All the activities involved in
determining an organization's human resources needs, as well as acquiring,
training, and compensating people to fill those needs
Job Description - Correct answer-Describes the job that you will be doing and it
will have everything listed that you should know about the job
Job Specification - Correct answer-Description of the qualifications necessary for a
specific job, in terms of education, experience, and personal and physical
characteristics
Recruiting - Correct answer-Forming a pool of qualified applicants from which
management can select employees
Compensation - Correct answer-Something, typically money, awarded to someone
as a recompense for loss, injury, or suffering. Wages and Salary
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Marketing Concept - Correct answer-Idea that the social and economic justification
for an organization's existence is the satisfaction of customer wants and needs
while meeting organizational objectives
Product Line - Correct answer-Group of closely related product items viewed as a
unit because of marketing, technical, or end-use considerations
Life Cycle of a Product - Correct answer-Product steps that include resources
needed to make an object, manufacturing, useful life and disposal
Labor Union - Correct answer-Organized association of workers, often in a trade or
profession, formed to protect and further their rights and interests.
3 Strategies to Solve Union Negotiation Impasse - Correct answer-Conciliation
Mediation
Arbitration
Conciliation - Correct answer-Method of outside resolution of labor and
management differences in which a third party is brought in to keep the two sides
talking
Mediation - Correct answer-Negotiation to resolve differences conducted by some
impartial party
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
