BUS 381 Final Exam Questions With Correct Answers

BUS 381 Final Exam Questions With
Correct Answers


Organization - CORRECT ANSWER✔✔-Consists of people with formally
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assigned roles who work together to achieve the organization's goals
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Manager - CORRECT ANSWER✔✔-Responsible for accomplishing the
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organization's goals, and does so by managing the efforts of the
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organization's people. |




Managing - CORRECT ANSWER✔✔-Involves performing five basic
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functions: planning, organizing, staffing, leading, and controlling.
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Management process - CORRECT ANSWER✔✔-The five basic functions
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of planning, organizing, staffing, leading, and controlling.
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Planning - CORRECT ANSWER✔✔-Involves establishing goals and
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standards; developing rules and procedures; and developing plans and
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forecasting.

,Organizing - CORRECT ANSWER✔✔-Involves giving each subordinate a
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specific task; establishing departments; delegating authority to
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subordinates; establishing channels of authority and communication;
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and coordinating subordinates work.
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Staffing - CORRECT ANSWER✔✔-Involves determining what type of
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employee you should hire; recruiting prospective employees; selecting
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employees; training and developing employees; setting performance
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standards; evaluating performance; counselling employees; and
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compensating employees. |




Leading - CORRECT ANSWER✔✔-Involves getting others to get the job
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done; maintaining morale; and motivating subordinates.
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Controlling - CORRECT ANSWER✔✔-Involves setting standards such as
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sales quotas, quality standards, or production levels; checking to see
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how actual performance compares with these standards; and taking
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corrective action, as needed. | | |




Human resource professionals - CORRECT ANSWER✔✔-This profession
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is responsible for ensuring that the organization attracts, retains, and
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engages the diverse talent required to meet operational and
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performance commitments made to customers and shareholders. | | | | | |

,Human Resource Management (HRM) - CORRECT ANSWER✔✔-This
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refers to the management of people in organizations.
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Strategic plan - CORRECT ANSWER✔✔-The company's overall plan for
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how it will match its internal strengths and weaknesses with its external
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opportunities and threats to maintain a competitive position.
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Strategy - CORRECT ANSWER✔✔-A course of action the company
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pursues to achieve its strategic aims.
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Strategic management - CORRECT ANSWER✔✔-The process of
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identifying and executing the organization's strategic plan by matching
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the company's capabilities (strengths and weaknesses) with the
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demands of its environment (its competitors, customers, and suppliers,
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for instance).
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Human capital - CORRECT ANSWER✔✔-The knowledge, education,
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training, skills and expertise of the workforce.
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Outsourcing - CORRECT ANSWER✔✔-Involves contracting with outside
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vendors to handle specified business functions on a permanent basis.
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evidence-based HRM - CORRECT ANSWER✔✔-Use of data, facts, | | | | | | | |



analytics, scientific rigor, critical evaluation, and critically evaluated
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, research/case studies to support human resources management | | | | | | |



proposals, decisions, practices, and conclusions.
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Social responsibility - CORRECT ANSWER✔✔-A company's approach to
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balancings its commitments, not only to its investors but also to its
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employees and customers, other businesses, and the community or
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communities in which it operates. | | | |




Globalization - CORRECT ANSWER✔✔-Refers to the emergence of a
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single global market for most products and services. This has brought an
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increase in business conducted outside of the home country, increasing
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the need to manage human resources in many different countries.
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Organizational culture - CORRECT ANSWER✔✔-Consists of the core | | | | | | | |



values, beliefs, and assumptions that are widely shared by members of
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an organization. Culture is often conveyed through an organization's
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mission statement, as well as through stories, myths, symbols, and
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ceremonies.


Organizational climate - CORRECT ANSWER✔✔-Refers to the prevailing
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atmosphere, that exists in an organization and its impact on employees.
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It can be friendly or unfriendly, open or secretive, rigid or flexible,
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innovative or stagnant. The major factors influencing the climate are
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management's leadership style, HR policies and practices, and the | | | | | | | | |



amount and style of organizational communication.
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