HRMT 386 Definitions ( Latest 2026/2027 Update) with
Questions and Verified Answers| | 100% Correct | Grade A+
• Question
Capitalist economy
Correct Answer: characterized by the private ownership of capital, the allocation of
resources through market mechanisms, and the profit imperative.
• Question
gender-based analysis
Correct Answer: An analytical process used to assess how diverse groups of women,
men and non-binary people may experience policies, programs and initiatives.
• Question
human resource management
Correct Answer: encompasses a variety of tasks designed to ensure that the work
required by the employer is completed as efficiently as possible. HRM is intended to
maximize the profitability the employer realizes from employing workers. This is
consistent with the profit imperative that most employers face in capitalist economies.
Tasks such as job analysis, recruitment and selection, and skills training.
• Question
Labour market
Correct Answer: in a labour market, employers buy and workers sell their own capacity
to work. Multiple labour markets actually exist (segmented by occupation, industry,
and/or region)
• Question
Labour process
Correct Answer: It is up to the employer to turn the capacity to work into actual
productive work. The conversion of this potential (or capacity) for work into actual work
is known as the "labour process."
• Question
Pluralism
Correct Answer: Acknowledging that organizational conflict is endemic and stems from
conflicting interests. Focused on finding ways to identify and manage such conflicts. The
belief that the way to achieve good industrial relations is to acknowledge that various
groups of employees have different requirements, and make different demands. Thus,
management has to reach compromises.
, • Question
non-standard employment
Correct Answer: Different employment arrangements that deviate from standard
employment of full-time, 9-5, working in the workplace.
• Question
Precarious employment
Correct Answer: Part-time, temporary, casual, and/or contract jobs. They are often
poorly paid, have little job security, and lack statutory and employment benefits
• Question
profit imperative
Correct Answer: The expectation that increasing profit should be the overriding and
unlimited priority of a business organisation.
• Question
psychological contract
Correct Answer: norms that may be unwritten and run contrary to written employment
agreements and the law. Ex) a 15-minute coffee break is actually 20 minutes long
because that is how long it takes to walk to the local coffee shop and back. Or it may be
understood that the newest worker gets the least desirable job tasks.
Workers often feel quite strongly about the psychological contract because changes to it
affect their day-to-day lives in meaningful ways.
• Question
social reproduction
Correct Answer: A particular social structure is perpetuated over time. Includes tasks,
such as bearing, raising, and educating children, maintains households, and cares for
the elderly and infirm. It entails the political task of getting workers to accept their place
in the workplace and society.
• Question
Unitarist
Correct Answer: A strategy used to disguise that HRM is an exercise of power. Believe
that both parties have common interests and conflict is due to communication and
leadership issues and irrational employees. Believe that conflict is avoidable
Questions and Verified Answers| | 100% Correct | Grade A+
• Question
Capitalist economy
Correct Answer: characterized by the private ownership of capital, the allocation of
resources through market mechanisms, and the profit imperative.
• Question
gender-based analysis
Correct Answer: An analytical process used to assess how diverse groups of women,
men and non-binary people may experience policies, programs and initiatives.
• Question
human resource management
Correct Answer: encompasses a variety of tasks designed to ensure that the work
required by the employer is completed as efficiently as possible. HRM is intended to
maximize the profitability the employer realizes from employing workers. This is
consistent with the profit imperative that most employers face in capitalist economies.
Tasks such as job analysis, recruitment and selection, and skills training.
• Question
Labour market
Correct Answer: in a labour market, employers buy and workers sell their own capacity
to work. Multiple labour markets actually exist (segmented by occupation, industry,
and/or region)
• Question
Labour process
Correct Answer: It is up to the employer to turn the capacity to work into actual
productive work. The conversion of this potential (or capacity) for work into actual work
is known as the "labour process."
• Question
Pluralism
Correct Answer: Acknowledging that organizational conflict is endemic and stems from
conflicting interests. Focused on finding ways to identify and manage such conflicts. The
belief that the way to achieve good industrial relations is to acknowledge that various
groups of employees have different requirements, and make different demands. Thus,
management has to reach compromises.
, • Question
non-standard employment
Correct Answer: Different employment arrangements that deviate from standard
employment of full-time, 9-5, working in the workplace.
• Question
Precarious employment
Correct Answer: Part-time, temporary, casual, and/or contract jobs. They are often
poorly paid, have little job security, and lack statutory and employment benefits
• Question
profit imperative
Correct Answer: The expectation that increasing profit should be the overriding and
unlimited priority of a business organisation.
• Question
psychological contract
Correct Answer: norms that may be unwritten and run contrary to written employment
agreements and the law. Ex) a 15-minute coffee break is actually 20 minutes long
because that is how long it takes to walk to the local coffee shop and back. Or it may be
understood that the newest worker gets the least desirable job tasks.
Workers often feel quite strongly about the psychological contract because changes to it
affect their day-to-day lives in meaningful ways.
• Question
social reproduction
Correct Answer: A particular social structure is perpetuated over time. Includes tasks,
such as bearing, raising, and educating children, maintains households, and cares for
the elderly and infirm. It entails the political task of getting workers to accept their place
in the workplace and society.
• Question
Unitarist
Correct Answer: A strategy used to disguise that HRM is an exercise of power. Believe
that both parties have common interests and conflict is due to communication and
leadership issues and irrational employees. Believe that conflict is avoidable
