HRMT 386 final ACTUAL Exam Questions
and CORRECT Answers
- CORRECT ANSWER -
wage-rate bargain - CORRECT ANSWER - How much someone will be paid for the work
that they agree to do.
- the first agreement of employment
capitalist economy - CORRECT ANSWER - private ownership of capital, allocation of
resources through market mechanisms, and profit imperative
Profit imperative - CORRECT ANSWER - The need to profit or fail
- puts pressure on organizations to cheapen labour
Employer's interests - CORRECT ANSWER - Maximize profits and profitability while
controlling working conditions
Worker's interests - CORRECT ANSWER - making the most money for the least amount
of work while being safe
social relationship - CORRECT ANSWER - Organizations require the cooperation from
both workers and employers to be successful
labour market - CORRECT ANSWER - The market where labour is bought and sold.
People supply their labour and it is in turn demanded by firms.
wage-effort bargain - CORRECT ANSWER - how hard employees agree to work, given
the terms and conditions of the contract
,conflict of interests - CORRECT ANSWER - employers seek to maximize outputs and
minimize costs while employees seek maximum wages and minimum workload
Human Resource Management - CORRECT ANSWER - consists of the activities
managers perform to plan for, attract, develop, and retain an effective workforce
- intended to maximize the profitability of employing workers
parts of HRM - CORRECT ANSWER - -Job analysis
-recruitment and selection
- skills training and orientation
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
human capital - CORRECT ANSWER - Employee's talents, training, experience,
judgement, and intellect
- adds economic value
return on investment - CORRECT ANSWER - human capital grows within the
organization and creates profits and return on the investment from the employer
Unatarist perspective - CORRECT ANSWER - workers and employees have common
interest
- HRM decisions reflect the best way to achieve common goal
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
, social reproduction - CORRECT ANSWER - social construct that women are responsible
for bearing, raising, and educating children.
- also for taking care of the elderly
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
common law contract - CORRECT ANSWER - when an employer and an individual
employee negotiate a contract covering pay and conditions
- duties, remuneration, wage rate bargain
Employer common law obligation - CORRECT ANSWER - 1. work and remuneration
2. notice of termination
3. safe worksite
4. vicariously liable
workers common law obligations - CORRECT ANSWER - 1. good faith and fidelity
2. the duty to obey
3. perform work competently
4. provide resignation notice
good faith and fidelity - CORRECT ANSWER - a worker must act in a manner that is
consistent with advancing the employer's interests
statutory law - CORRECT ANSWER - extension of common law that creates new laws
and obligations for employers and employees
and CORRECT Answers
- CORRECT ANSWER -
wage-rate bargain - CORRECT ANSWER - How much someone will be paid for the work
that they agree to do.
- the first agreement of employment
capitalist economy - CORRECT ANSWER - private ownership of capital, allocation of
resources through market mechanisms, and profit imperative
Profit imperative - CORRECT ANSWER - The need to profit or fail
- puts pressure on organizations to cheapen labour
Employer's interests - CORRECT ANSWER - Maximize profits and profitability while
controlling working conditions
Worker's interests - CORRECT ANSWER - making the most money for the least amount
of work while being safe
social relationship - CORRECT ANSWER - Organizations require the cooperation from
both workers and employers to be successful
labour market - CORRECT ANSWER - The market where labour is bought and sold.
People supply their labour and it is in turn demanded by firms.
wage-effort bargain - CORRECT ANSWER - how hard employees agree to work, given
the terms and conditions of the contract
,conflict of interests - CORRECT ANSWER - employers seek to maximize outputs and
minimize costs while employees seek maximum wages and minimum workload
Human Resource Management - CORRECT ANSWER - consists of the activities
managers perform to plan for, attract, develop, and retain an effective workforce
- intended to maximize the profitability of employing workers
parts of HRM - CORRECT ANSWER - -Job analysis
-recruitment and selection
- skills training and orientation
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
human capital - CORRECT ANSWER - Employee's talents, training, experience,
judgement, and intellect
- adds economic value
return on investment - CORRECT ANSWER - human capital grows within the
organization and creates profits and return on the investment from the employer
Unatarist perspective - CORRECT ANSWER - workers and employees have common
interest
- HRM decisions reflect the best way to achieve common goal
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
, social reproduction - CORRECT ANSWER - social construct that women are responsible
for bearing, raising, and educating children.
- also for taking care of the elderly
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
common law contract - CORRECT ANSWER - when an employer and an individual
employee negotiate a contract covering pay and conditions
- duties, remuneration, wage rate bargain
Employer common law obligation - CORRECT ANSWER - 1. work and remuneration
2. notice of termination
3. safe worksite
4. vicariously liable
workers common law obligations - CORRECT ANSWER - 1. good faith and fidelity
2. the duty to obey
3. perform work competently
4. provide resignation notice
good faith and fidelity - CORRECT ANSWER - a worker must act in a manner that is
consistent with advancing the employer's interests
statutory law - CORRECT ANSWER - extension of common law that creates new laws
and obligations for employers and employees
