Business 100 Final Exam Questions and
Answers
Human Resources Management - correct answer-all the activities involved in acquiring,
maintaining, and developing an organization's human resources
Human Resources Planning - correct answer-the development of strategies to meet a
firm's future human resources needs
Replacement Chart - correct answer-a list of key personnel and their possible
replacements within a firm
Skills Inventory - correct answer-a computerized data bank containing information on
the skills and experience of all present employees
Cultural workplace diversity - correct answer-differences among people in a workforce
owing to race, ethnicity, and gender
job analysis - correct answer-a systematic procedure for studying jobs to determine their
various elements and requirements
job description - correct answer-a list of the elements that make up a particular job
job specification - correct answer-a list of the qualifications required to perform a
particular job
recruiting - correct answer-the process of attracting qualified job applicants
external recruiting - correct answer-the attempt to attract job applicants from outside an
organization
internal recruiting - correct answer-considering present employees as applicants for
available positions
selection - correct answer-the process of gathering information about applicants for a
position and then using that information to choose the most appropriate applicant
orientation - correct answer-the process of acquainting new employees with an
organization
compensation - correct answer-the payment employees receive in return for their labor
, compensation system - correct answer-the policies and strategies that determine
employee compensation
wage survey - correct answer-a collection of data on prevailing wage rates within an
industry or a geographic area
job evaluation - correct answer-the process of determining the relative worth of the
various jobs within a firm
comparable worth - correct answer-a concept that seeks equal compensation for jobs
requiring about the same level of education, training, and skills
hourly wage - correct answer-a specific amount of money paid for each hour of work
salary - correct answer-a specific amount of money paid for an employee's work during
a set calendar period, regardless of the actual number of hours worked
commission - correct answer-a payment thats is a percentage of sales revenue
incentive payment - correct answer-a payment in addition to wages, salary, or
commissions
lump-sum salary increase - correct answer-an entire pay raise taken in one lump sum
profit-sharing - correct answer-the distribution of a percentage of a firm's profit among
its employees
employee benefit - correct answer-a reward in addition to regular compensation that is
provided indirectly to employees
flexible benefit plan - correct answer-compensation plan whereby an employee receives
a predetermined amount of benefit dollars to spend on a package of benefits he or she
has selected to meet individual needs
employee training - correct answer-the process of teaching operations and technical
employees how to do their present jobs more effectively and efficiently
management development - correct answer-the process of preparing managers and
other professionals to assume increased responsibility in both present and future
positions
performance appraisal - correct answer-the evaluation of employee's current and
potential levels of performance to allow managers to make objective human resources
decisions
Answers
Human Resources Management - correct answer-all the activities involved in acquiring,
maintaining, and developing an organization's human resources
Human Resources Planning - correct answer-the development of strategies to meet a
firm's future human resources needs
Replacement Chart - correct answer-a list of key personnel and their possible
replacements within a firm
Skills Inventory - correct answer-a computerized data bank containing information on
the skills and experience of all present employees
Cultural workplace diversity - correct answer-differences among people in a workforce
owing to race, ethnicity, and gender
job analysis - correct answer-a systematic procedure for studying jobs to determine their
various elements and requirements
job description - correct answer-a list of the elements that make up a particular job
job specification - correct answer-a list of the qualifications required to perform a
particular job
recruiting - correct answer-the process of attracting qualified job applicants
external recruiting - correct answer-the attempt to attract job applicants from outside an
organization
internal recruiting - correct answer-considering present employees as applicants for
available positions
selection - correct answer-the process of gathering information about applicants for a
position and then using that information to choose the most appropriate applicant
orientation - correct answer-the process of acquainting new employees with an
organization
compensation - correct answer-the payment employees receive in return for their labor
, compensation system - correct answer-the policies and strategies that determine
employee compensation
wage survey - correct answer-a collection of data on prevailing wage rates within an
industry or a geographic area
job evaluation - correct answer-the process of determining the relative worth of the
various jobs within a firm
comparable worth - correct answer-a concept that seeks equal compensation for jobs
requiring about the same level of education, training, and skills
hourly wage - correct answer-a specific amount of money paid for each hour of work
salary - correct answer-a specific amount of money paid for an employee's work during
a set calendar period, regardless of the actual number of hours worked
commission - correct answer-a payment thats is a percentage of sales revenue
incentive payment - correct answer-a payment in addition to wages, salary, or
commissions
lump-sum salary increase - correct answer-an entire pay raise taken in one lump sum
profit-sharing - correct answer-the distribution of a percentage of a firm's profit among
its employees
employee benefit - correct answer-a reward in addition to regular compensation that is
provided indirectly to employees
flexible benefit plan - correct answer-compensation plan whereby an employee receives
a predetermined amount of benefit dollars to spend on a package of benefits he or she
has selected to meet individual needs
employee training - correct answer-the process of teaching operations and technical
employees how to do their present jobs more effectively and efficiently
management development - correct answer-the process of preparing managers and
other professionals to assume increased responsibility in both present and future
positions
performance appraisal - correct answer-the evaluation of employee's current and
potential levels of performance to allow managers to make objective human resources
decisions
