IB Business Management 2.1 Questions and Answers ( 100% pass)

IB Business Management 2.1 Questions and Answers ( 100% pass) Human resource management - ANS- The management function of using and developing people within a business in order to meet the objectives of the organization. Job description - ANS- A document that outlines the details of a particular job. Person specification - ANS- A business document that gives the profile of the ideal candidate. Internal recruitment - ANS- Involves hiring people who already work for the firm to fill a vacant position. External recruitment - ANS- The process of hiring employees from outside the business. appraisal - ANS- The formal assessment of an employee's performance in fulfilling his/her job based on the tasks and responsibilities set out in their job description. teleworking - ANS- Refers to working away from the employers or customers by using electronic forms of communication. portfolio worker - ANS- A person employed in a number of different jobs. labor turnover - ANS- Measures the percentage of the workforce that leave the firm in a given time period. labor productivity - ANS- A measure of the efficiency of the workforce by assessing the level of output of the staff. cascading - ANS- The verical transfer of information in a hierarchy, via meetings between staff at different levels of hierarchy. contract of employment - ANS- The legal agreement between an employer and employee, detailing terms and conditions of employment. flexible work - ANS- The trend in using less core staff and more peripheral workers and subcontractors. employment legislation - ANS- The set of laws that govern employment practices, such as discriminatory behavior when recruiting, selecting, training, and promoting workers