Business Management Exam
questions with answers graded A+
Human Resources Management - ANS✅✅all the activities involved in acquiring, maintaining, and
developing an organization's human resources
Human Resources Planning - ANS✅✅the development of strategies to meet a firm's future human
resources needs
Replacement Chart - ANS✅✅a list of key personnel and their possible replacements within a firm
Skills Inventory - ANS✅✅a computerized data bank containing information on the skills and
experience of all present employees
Cultural workplace diversity - ANS✅✅differences among people in a workforce owing to race,
ethnicity, and gender
job analysis - ANS✅✅a systematic procedure for studying jobs to determine their various elements
and requirements
job description - ANS✅✅a list of the elements that make up a particular job
job specification - ANS✅✅a list of the qualifications required to perform a particular job
recruiting - ANS✅✅the process of attracting qualified job applicants
external recruiting - ANS✅✅the attempt to attract job applicants from outside an organization
internal recruiting - ANS✅✅considering present employees as applicants for available positions
selection - ANS✅✅the process of gathering information about applicants for a position and then
using that information to choose the most appropriate applicant
, orientation - ANS✅✅the process of acquainting new employees with an organization
compensation - ANS✅✅the payment employees receive in return for their labor
compensation system - ANS✅✅the policies and strategies that determine employee
compensation
wage survey - ANS✅✅a collection of data on prevailing wage rates within an industry or a
geographic area
job evaluation - ANS✅✅the process of determining the relative worth of the various jobs within a
firm
comparable worth - ANS✅✅a concept that seeks equal compensation for jobs requiring about the
same level of education, training, and skills
hourly wage - ANS✅✅a specific amount of money paid for each hour of work
salary - ANS✅✅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 - ANS✅✅a payment thats is a percentage of sales revenue
incentive payment - ANS✅✅a payment in addition to wages, salary, or commissions
lump-sum salary increase - ANS✅✅an entire pay raise taken in one lump sum
profit-sharing - ANS✅✅the distribution of a percentage of a firm's profit among its employees
employee benefit - ANS✅✅a reward in addition to regular compensation that is provided
indirectly to employees
questions with answers graded A+
Human Resources Management - ANS✅✅all the activities involved in acquiring, maintaining, and
developing an organization's human resources
Human Resources Planning - ANS✅✅the development of strategies to meet a firm's future human
resources needs
Replacement Chart - ANS✅✅a list of key personnel and their possible replacements within a firm
Skills Inventory - ANS✅✅a computerized data bank containing information on the skills and
experience of all present employees
Cultural workplace diversity - ANS✅✅differences among people in a workforce owing to race,
ethnicity, and gender
job analysis - ANS✅✅a systematic procedure for studying jobs to determine their various elements
and requirements
job description - ANS✅✅a list of the elements that make up a particular job
job specification - ANS✅✅a list of the qualifications required to perform a particular job
recruiting - ANS✅✅the process of attracting qualified job applicants
external recruiting - ANS✅✅the attempt to attract job applicants from outside an organization
internal recruiting - ANS✅✅considering present employees as applicants for available positions
selection - ANS✅✅the process of gathering information about applicants for a position and then
using that information to choose the most appropriate applicant
, orientation - ANS✅✅the process of acquainting new employees with an organization
compensation - ANS✅✅the payment employees receive in return for their labor
compensation system - ANS✅✅the policies and strategies that determine employee
compensation
wage survey - ANS✅✅a collection of data on prevailing wage rates within an industry or a
geographic area
job evaluation - ANS✅✅the process of determining the relative worth of the various jobs within a
firm
comparable worth - ANS✅✅a concept that seeks equal compensation for jobs requiring about the
same level of education, training, and skills
hourly wage - ANS✅✅a specific amount of money paid for each hour of work
salary - ANS✅✅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 - ANS✅✅a payment thats is a percentage of sales revenue
incentive payment - ANS✅✅a payment in addition to wages, salary, or commissions
lump-sum salary increase - ANS✅✅an entire pay raise taken in one lump sum
profit-sharing - ANS✅✅the distribution of a percentage of a firm's profit among its employees
employee benefit - ANS✅✅a reward in addition to regular compensation that is provided
indirectly to employees
