HRMT 386 final Exam ( Latest 2026/2027 Update) with
Questions and Verified Answers| | 100% Correct | Grade A+
• Question
• Question
wage-rate bargain
Correct Answer: How much someone will be paid for the work that they agree to do. -
the first agreement of employment
• Question
capitalist economy
Correct Answer: private ownership of capital, allocation of resources through market
mechanisms, and profit imperative
• Question
Profit imperative
Correct Answer: The need to profit or fail - puts pressure on organizations to cheapen
labour
• Question
Employer's interests
Correct Answer: Maximize profits and profitability while controlling working conditions
• Question
Worker's interests
Correct Answer: making the most money for the least amount of work while being safe
• Question
social relationship
Correct Answer: Organizations require the cooperation from both workers and
employers to be successful
• Question
labour market
Correct Answer: The market where labour is bought and sold. People supply their labour
and it is in turn demanded by firms.
,• Question
wage-effort bargain
Correct Answer: how hard employees agree to work, given the terms and conditions of
the contract
• Question
conflict of interests
Correct Answer: employers seek to maximize outputs and minimize costs while
employees seek maximum wages and minimum workload
• Question
Human Resource Management
Correct Answer: I. consists of the activities managers perform to plan for, attract,
II. develop, and retain an effective workforce
III. - intended to maximize the profitability of employing workers
• Question
parts of HRM
Correct Answer: I. -Job analysis
II. -recruitment and selection
III. - skills training and orientation
• Question
Two perspectives of HRM
Correct Answer: 1. competitive advantage depends on happy and committed workplace
2. tight control of labour costs combined with close supervision of workers create
profitability
• Question
human capital
Correct Answer: Employee's talents, training, experience, judgement, and intellect -
adds economic value
• Question
return on investment
Correct Answer: human capital grows within the organization and creates profits and
return on the investment from the employer
, • Question
Unatarist perspective
Correct Answer: workers and employees have common interest - HRM decisions reflect
the best way to achieve common goal
• Question
Pluralist view
Correct Answer: conflict between employers and workers is endemic because of the
diverging interests - distribution of profit and control of the workplace creates conflicts
• Question
social reproduction
Correct Answer: social construct that women are responsible for bearing, raising, and
educating children. - also for taking care of the elderly
• Question
male norms
Correct Answer: many aspects of the industry are suited for men and not women.
- job design, safety, management design
- job design assumes that employment is primary task and that social reproduction will
be taken care of
by someone else
• Question
common law contract
Correct Answer: when an employer and an individual employee negotiate a contract
covering pay and conditions - duties, remuneration, wage rate bargain
• Question
Employer common law obligation
Correct Answer: I. 1. work and remuneration
II. 2. notice of termination
III. 3. safe worksite
IV. 4. vicariously liable
Questions and Verified Answers| | 100% Correct | Grade A+
• Question
• Question
wage-rate bargain
Correct Answer: How much someone will be paid for the work that they agree to do. -
the first agreement of employment
• Question
capitalist economy
Correct Answer: private ownership of capital, allocation of resources through market
mechanisms, and profit imperative
• Question
Profit imperative
Correct Answer: The need to profit or fail - puts pressure on organizations to cheapen
labour
• Question
Employer's interests
Correct Answer: Maximize profits and profitability while controlling working conditions
• Question
Worker's interests
Correct Answer: making the most money for the least amount of work while being safe
• Question
social relationship
Correct Answer: Organizations require the cooperation from both workers and
employers to be successful
• Question
labour market
Correct Answer: The market where labour is bought and sold. People supply their labour
and it is in turn demanded by firms.
,• Question
wage-effort bargain
Correct Answer: how hard employees agree to work, given the terms and conditions of
the contract
• Question
conflict of interests
Correct Answer: employers seek to maximize outputs and minimize costs while
employees seek maximum wages and minimum workload
• Question
Human Resource Management
Correct Answer: I. consists of the activities managers perform to plan for, attract,
II. develop, and retain an effective workforce
III. - intended to maximize the profitability of employing workers
• Question
parts of HRM
Correct Answer: I. -Job analysis
II. -recruitment and selection
III. - skills training and orientation
• Question
Two perspectives of HRM
Correct Answer: 1. competitive advantage depends on happy and committed workplace
2. tight control of labour costs combined with close supervision of workers create
profitability
• Question
human capital
Correct Answer: Employee's talents, training, experience, judgement, and intellect -
adds economic value
• Question
return on investment
Correct Answer: human capital grows within the organization and creates profits and
return on the investment from the employer
, • Question
Unatarist perspective
Correct Answer: workers and employees have common interest - HRM decisions reflect
the best way to achieve common goal
• Question
Pluralist view
Correct Answer: conflict between employers and workers is endemic because of the
diverging interests - distribution of profit and control of the workplace creates conflicts
• Question
social reproduction
Correct Answer: social construct that women are responsible for bearing, raising, and
educating children. - also for taking care of the elderly
• Question
male norms
Correct Answer: many aspects of the industry are suited for men and not women.
- job design, safety, management design
- job design assumes that employment is primary task and that social reproduction will
be taken care of
by someone else
• Question
common law contract
Correct Answer: when an employer and an individual employee negotiate a contract
covering pay and conditions - duties, remuneration, wage rate bargain
• Question
Employer common law obligation
Correct Answer: I. 1. work and remuneration
II. 2. notice of termination
III. 3. safe worksite
IV. 4. vicariously liable
