DECA Human Resources Management Best Achieved and Passed Exam Review Updated Questions and Answers 2024 Graded A+ 100% Excellence The Telford Pharmaceutical Company is concerned that proposed regulatory changes may negatively impact its research and devel

DECA Human Resources Management Best Achieved and Passed Exam Review Updated Questions and Answers 2024 Graded A+ 100% Excellence The Telford Pharmaceutical Company is concerned that proposed regulatory changes may negatively impact its research and development initiatives, profitability, long-term growth, and the well-being of patients who may benefit from using its products. What can the company do to influence legislation and protect its interests? A. Hire an estate attorney B. Veto the legislation C. Engage in lobbying efforts D. Sign a warrant - ANSWER-C Engage in lobbying efforts. Human Resource Management (HRM) - ANSWER-Consists of all activities involved with aquiring, developing, and compensating the people who do the company's work 360-degree feedback - ANSWER-Uses performance feedback gathered from a broad range of people with whom the employee works rather than from just the employee's manager Employee assistance programs - ANSWER-Provide confidential personal problem-solving, counseling, and support services for employees Job description - ANSWER-A list of the basic tasks that make up a job Job specification - ANSWER-A list of the qualifications a worker needs to d that job Promotion - ANSWER-The advancement of an employee within a company to a position with more authority and responsibility Transfer - ANSWER-The assignment of an employee to another job in the company that, in general, involves the same level of responsibility and authority as the person's current work Discharge - ANSWER-The release of an employee from the company due to inappropriate work behavior Layoff - ANSWER-A temporary or permanent reduction in the number of employees because of a change in business conditions Employee turnover - ANSWER-The rate at which people enter and leave employment in a business during a year Method 1 of Calculating the Rate of Employee Turnover - ANSWER-# of employees who have terminated employment with the business / average # of employees = % of employee turnover Method 2 of Calculating the Rate of Employee Turnover - ANSWER-# of employees hired to replace employees who have terminated employment with the business / average # of employees = % of employee turnover Exit interview - ANSWER-A formal interview with an employee who is leaving the company to determine his or her attitudes about the company and suggestions for improvement Americans with Disabilities Act (ADA) - ANSWER-Prohibits employments discrimination against individuals with physical and mental handicaps or chronic illnesses if they are able to perform the basic functions under the job Fair Labor Standards Act (FLSA) - ANSWER-Prescribes standards for wages and overtime pay Occupational Safety and Health Act (OSHA) - ANSWER-Regulates safety and health conditions in most businesses Social Security - ANSWER-A social insurance program funded through payroll contributions Medicare - ANSWER-Provides supplemental health insurance for retirement-age people as well as others with specified disabilities Workers' compensation - ANSWER-Requires all employers to provide insurance for the death, injury, or illness of employees that result from their work Unemployment insurance - ANSWER-A state-mandated program that provides temporary income to individuals who have been laid off from their jobs Family And Medical Leave Act (FMLA) - ANSWER-Requires that employers covered by the law must allow an eligible employee up to a total of 12 weeks of leave during a year for new child, immediate family member's health, or medical leave Laws that expand employment opportunities - ANSWER-The Civil Rights Act, Equal Pay Act, Age Discrimination in Employment Act, Immigration Reform and Control Act, and the Americans with Disabilities Act Adverse Impact - ANSWER-Occurs if women and minorities are not hired at the rate of at least 80% of the best achieving group Affirmative Action - ANSWER-Requires employers to take positive steps to ensure employment of applicants and treatment of employees Availability Forecast - ANSWER-Process of determining whether a firm will be able to secure employees with the necessary skills from within the company Bargaining Unit - ANSWER-Group of employees not necessarily union members recognized by an employer or certified by an administrative agency as appropriate for represemtation Beachhead demands - ANSWER-demands that the union does not expect management to meet when they are first made Behaviour modeling - ANSWER-training method that utilizes videotapes to illustrate effective interpersonal skills and the ways managers function in various situations Benchmark job - ANSWER-training method that utilizes videotapes to illustrate effective interpersonal skills and the ways managers function in various situations Biofeedback - ANSWER-Method of learning to control involuntary bodily processes Bottom-up approach - ANSWER-forecasting method beginning with the lowest organizational units and progressing upward through an organization ultimately to provide an aggregate forecast of employment needs Broadbanding - ANSWER-compensation technique that collapses many pay grades into a few wide bands in order to improve organizational effectiveness Burnout - ANSWER-A gradual tearing down, a depletion of one's physical and mental resources Classification method - ANSWER-Job evaluation method in which classes or grades are defined to describe a group of jobs Comparable worth - ANSWER-Determination of the values of dissimilar jobs by comparing them under some form of job evaluation, and the assignment of pay rates according to their evaluated worth Compressed work week - ANSWER-any arrangement of work hours that permits employees to fulfill their work obligation in fewer days than typical 5 day work week Cutoff score - ANSWER-score below which an applicant will not be considered further for employment Disciplinary Action - ANSWER-Invoking a penalty against an employee who fails to meet organizational standards or comply with organizational needs Expatriate - ANSWER-an employee working in a firm who is not a citizen of the country in which the firm is located but is a citizen of the country in which the organization is headquartered Flextime - ANSWER-Practice of permitting employees to choose, with certain limitations, their own working hours Glass Geiling - ANSWER-invisibile barrier that prevents woman and minorities from achieving top level procedures Job Enrichment - ANSWER-restructuring of the content and level of responsibility of a job to make it more challenging, meaningful, and interesting to a worker Job Sharing - ANSWER-Filling of a job by two part-time people who split the duties of one full-time job in some agreed-on manner and are paid according to their contributions Pay compression - ANSWER-situation that occurs when workers perceive that the pay differential between their pay and that of employees in jobs above or below them is too small Corporate Social Responsibility - ANSWER-The responsibility of the firm to act in the best interests of the people and communities affected by its activities. Downsizing - ANSWER-Planned elimination of jobs. Employee Leasing - ANSWER-The process of dismissing employees who are then hired by a leasing company (which handles all HR-related activities) and contracting with that company to lease back the employees. Globalization - ANSWER-The trend toward opening up foreign markets to international trade and investment. Human Capital - ANSWER-The knowledge, skills, and capabilities of individuals that have economic value to an organization. Human Resource Information System (HRIS) - ANSWER-A computerized system that provides current and accurate data for purposes of control and decision-making. Human Resources Management (HRM) - ANSWER-The process of managing human talent to achieve an organization's objectives. Knowledge Workers - ANSWER-Workers whose responsibilities extend beyond the physical execution of work to include planning, decision-making, and problem-solving. Managing Diversity - ANSWER-Being aware of characteristics common to employees, while also managing employees as individuals. Offshoring - ANSWER-The business practice of sending jobs to other countries. Outsourcing - ANSWER-Contracting outside the organization to have work done that formerly was done by internal employees. Proactive Change - ANSWER-Change initiated to take advantage of targeted opportunities. Reactive Change - ANSWER-Change that occurs after external forces have already affected performances.