HRIR Final Test Questions and
Answers54
Jakar does not know a lot about investing and wants to ensure he has some retirement income
when he is old enough to retire. Agnes plans on changing employers every few years and is
interested in investing her own money. Which plan would be best for Jakar and Agnes,
respectively?
a) Defined contribution; defined benefit
b) Contributory; defined benefit
c) Defined benefit; defined contribution
d) Defined contribution; non-contributory - ANSWERS-c) Defined benefit; defined contribution
XYZ company has determined that they will have to reduce their benefits costs to stay
competitive. Which of the following solutions is not a choice for XYZ?
a) Eliminate health coverage
b) Reduce the percentage of employees' Social Security insurance they pay.
c) Reduce their unemployment insurance costs by managing their workforce to avoid layoffs.
d) Institute a safety program to minimize worker's compensation costs. - ANSWERS-b) Reduce
the percentage of employee's Social Security insurance the pay
Vesting Right - ANSWERS-Guarantee that when employees become participants in a pension
plan and work specified number of years, they will receive a pension at retirement age,
regardless of whether they remained an employee at the company
Contributory - ANSWERS-Funded by employee and the employer (ex 401k)
,Non-Contributory - ANSWERS-All contributions from employer
Transnational HRM Systems - ANSWERS-Makes decisions from a global perspective, includes
managers from many countries, and is based on ideas contributed by people representing a
variety of culture
Parent Country - ANSWERS-Country where the organization's headquarters is located
4 approaches to employee development - ANSWERS-1. Interpersonal Relationships
2. Formal Education
3. Assessment
4. Job Experiences
Employee Deveopment - ANSWERS-the combination of formal education, job experiences,
relationships, and assessment of personality and abilities to help employees prepare for the
future of their careers.
Development is about preparing for change in the form of new jobs, responsibilities or
requirements.
Interpersonal Relationships - ANSWERS-- Developing skills and increasing knowledge by
interacting with a more experienced organization member
Mentor - ANSWERS-an experienced, productive senior employee who helps develop a less-
experienced employee, called a protege.
- most mentoring relationships develop informally
- tend to be most successful when voluntary and participants understand the details of the
program.
,- should reward managers for employee development, carefully select mentors based on
interpersonal and technical skills, train them for a role and evaluate whether the program had
met its objectives.
Coach - ANSWERS-Peer or manager who works with an employee to motivate, help him or her
develop skills and provide reinforcement and feedback.
1. working one-on-one with an employee, as when giving feedback
2. helping employees learn for themselves
3. providing resources such as mentors, courses or job experiences
- results can take at elast six months of weekly or monthly meetings
Formal Education - ANSWERS-Workshops, university courses and degree programs, company-
sponsored training or programs offered by independent institutions
- many large companies operate training and development centers (corporate universities)
Assessment - ANSWERS-- identify strengths and areas requiring further development
- collecting information and providing feedback to employees about their behavior,
communication style or skills
- information for assessment may come from the employees, their peers, managers or
customers
- most frequent uses of assessment are to identify employees with managerial potential to
measure current managers' strength and weakness
- One way to develop employees is begin with an assessment, which may consist of assigning an
activity to a team and seeing who brings what skills and strengths to the group
Job Experiences - ANSWERS-- stretching skills to meet new challenges
- the combination of relationships, probelms, demands, and tasks and other features of an
employee's jobs
- most employee development occurs through job experiences
, - "experience is the best teacher"
- Development is most likely to occur when the employees' skills and experience do not entirely
match the skills required for the current job
- Working outside one's home country is the most important job experience that can develop an
employee for a career in the global economy
Myers Briggs Type Indicator (MBTI) - ANSWERS-psychological test that identifies individuals'
preferences for source of energy, means of information gathering, way of decision making, and
lifestyle; most popular test for employee development
Energy - ANSWERS-dictates where individuals gain interpersonal strength and vitality
- Extroverted (E): gain energy through interpersonal relationships
- Introverted (I): gain energy by focusing on inner thoughts and feelings
Information Gathering - ANSWERS-the preparations individuals make before making decisions
- Sensing (S): preference tend to gather the facts and details to prepare
- Intuitive (N): tend to focus less on facts and more on possibilities and relationships among
them
Decision Making - ANSWERS-the amount of consideration they give to their own and others'
values and feelings, as opposed to the hard facts of the situation
- Thinking (T): try always to be objective in making decisions
- Feeling (F): evaluate the impact of the alternatives on others, as well as their own feelings;
they are more subjective
Lifestyle - ANSWERS-individual's tendency to be either flexible or structured
- Judging (J): focus on goals, establish deadlines, and conclusive
- Perceiving (P): enjoy surprises, comfortable with changing a decision and dislike deadlines
Answers54
Jakar does not know a lot about investing and wants to ensure he has some retirement income
when he is old enough to retire. Agnes plans on changing employers every few years and is
interested in investing her own money. Which plan would be best for Jakar and Agnes,
respectively?
a) Defined contribution; defined benefit
b) Contributory; defined benefit
c) Defined benefit; defined contribution
d) Defined contribution; non-contributory - ANSWERS-c) Defined benefit; defined contribution
XYZ company has determined that they will have to reduce their benefits costs to stay
competitive. Which of the following solutions is not a choice for XYZ?
a) Eliminate health coverage
b) Reduce the percentage of employees' Social Security insurance they pay.
c) Reduce their unemployment insurance costs by managing their workforce to avoid layoffs.
d) Institute a safety program to minimize worker's compensation costs. - ANSWERS-b) Reduce
the percentage of employee's Social Security insurance the pay
Vesting Right - ANSWERS-Guarantee that when employees become participants in a pension
plan and work specified number of years, they will receive a pension at retirement age,
regardless of whether they remained an employee at the company
Contributory - ANSWERS-Funded by employee and the employer (ex 401k)
,Non-Contributory - ANSWERS-All contributions from employer
Transnational HRM Systems - ANSWERS-Makes decisions from a global perspective, includes
managers from many countries, and is based on ideas contributed by people representing a
variety of culture
Parent Country - ANSWERS-Country where the organization's headquarters is located
4 approaches to employee development - ANSWERS-1. Interpersonal Relationships
2. Formal Education
3. Assessment
4. Job Experiences
Employee Deveopment - ANSWERS-the combination of formal education, job experiences,
relationships, and assessment of personality and abilities to help employees prepare for the
future of their careers.
Development is about preparing for change in the form of new jobs, responsibilities or
requirements.
Interpersonal Relationships - ANSWERS-- Developing skills and increasing knowledge by
interacting with a more experienced organization member
Mentor - ANSWERS-an experienced, productive senior employee who helps develop a less-
experienced employee, called a protege.
- most mentoring relationships develop informally
- tend to be most successful when voluntary and participants understand the details of the
program.
,- should reward managers for employee development, carefully select mentors based on
interpersonal and technical skills, train them for a role and evaluate whether the program had
met its objectives.
Coach - ANSWERS-Peer or manager who works with an employee to motivate, help him or her
develop skills and provide reinforcement and feedback.
1. working one-on-one with an employee, as when giving feedback
2. helping employees learn for themselves
3. providing resources such as mentors, courses or job experiences
- results can take at elast six months of weekly or monthly meetings
Formal Education - ANSWERS-Workshops, university courses and degree programs, company-
sponsored training or programs offered by independent institutions
- many large companies operate training and development centers (corporate universities)
Assessment - ANSWERS-- identify strengths and areas requiring further development
- collecting information and providing feedback to employees about their behavior,
communication style or skills
- information for assessment may come from the employees, their peers, managers or
customers
- most frequent uses of assessment are to identify employees with managerial potential to
measure current managers' strength and weakness
- One way to develop employees is begin with an assessment, which may consist of assigning an
activity to a team and seeing who brings what skills and strengths to the group
Job Experiences - ANSWERS-- stretching skills to meet new challenges
- the combination of relationships, probelms, demands, and tasks and other features of an
employee's jobs
- most employee development occurs through job experiences
, - "experience is the best teacher"
- Development is most likely to occur when the employees' skills and experience do not entirely
match the skills required for the current job
- Working outside one's home country is the most important job experience that can develop an
employee for a career in the global economy
Myers Briggs Type Indicator (MBTI) - ANSWERS-psychological test that identifies individuals'
preferences for source of energy, means of information gathering, way of decision making, and
lifestyle; most popular test for employee development
Energy - ANSWERS-dictates where individuals gain interpersonal strength and vitality
- Extroverted (E): gain energy through interpersonal relationships
- Introverted (I): gain energy by focusing on inner thoughts and feelings
Information Gathering - ANSWERS-the preparations individuals make before making decisions
- Sensing (S): preference tend to gather the facts and details to prepare
- Intuitive (N): tend to focus less on facts and more on possibilities and relationships among
them
Decision Making - ANSWERS-the amount of consideration they give to their own and others'
values and feelings, as opposed to the hard facts of the situation
- Thinking (T): try always to be objective in making decisions
- Feeling (F): evaluate the impact of the alternatives on others, as well as their own feelings;
they are more subjective
Lifestyle - ANSWERS-individual's tendency to be either flexible or structured
- Judging (J): focus on goals, establish deadlines, and conclusive
- Perceiving (P): enjoy surprises, comfortable with changing a decision and dislike deadlines
