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What is the main purpose of free trade agreements, such as NAFTA? a. to facilitate the free movement of goods, services, capital, and people across borders b. to help fight terrorism c. to help the United Nations with its work d. to increase tourism - Answer A Cultural environment includes all of the following components EXCEPT which one? a. education/human capital b. religious beliefs c. corporate structure d. values and ideologies - Answer C MAGNA is a Canadian firm l...

mission - Answer purpose of the organization strategic vision - Answer A statement about where the company is going and what it can become in the future core values - Answer The strong and enduring beliefs and principles that the company uses as a foundation for its decisions Strategic Formulation - Answer What is required and necessary in support of human resources? Strategic Implementation - Answer How will the human resources be allocated for structur...

Human Resources Management - Answer - The process of managing human talent to achieve an organization's objectives - HRM involves a wide variety of activities, including analyzing a company's competitive environment and designing jobs so that a firm's strategy can be successfully implemented to beat the competition. - This, in turn, requires identifying, recruiting, and selecting the right people for those jobs; training, motivating, and appraising these people; developing comp...

What is Human resources management (HRM)? - Answer The process of managing human talent to achieve an organization's objectives Human Capital - Answer The knowledge, skills, and capabilities of individuals that have economic value to an organization HRM is the responsibility of - Answer All managers HRM helps bridge the gap between - Answer business systems and people within those systems HRM failures = - Answer business failures HRM is - Answer ...

Levels of Jurisdiction in Canada - Answer 10 Provinces, 3 Territories, and 1 Federal Jurisdiction Human resources management - Answer Managing human talent to achieve an organization's objectives Human capital - Answer Knowledge and skills of workers that have economic value Sustainability - Answer Ability to produce goods & services w/o depleting resources or damaging the environment High performance work system - Answer The right combination of peop...

Training vs. Development - Answer Training - tends to be more narrowly focused and oriented toward short-term performance concerns. Development - broadening an individual's skills for future responsibilities. Strategic Model of Training (ADIE) - Answer 1. Conducting the Needs Assessment 2. Designing the Training Program 3. Implementing the Training Program 4. Evaluating the Training Program Conducting the Needs Assessment - Answer Organization Analysis Task Analys...

Selection - Answer The process of choosing individuals who have relevant qualifications to fill existing or projected job openings Selection Considerations - Answer person-job fit and person-organization fit The Goal of Selection - Answer -To maximize "hits" and avoid "misses" Begin with a Job Analysis - Answer Results of a Job Analysis: Job description, Job specifications Selection Process - Answer -Obtaining Reliable and Valid Information ...

1. XYZ Inc., a new manufacturing company, wants to build its human capital base. Which of the following staffing programs should it rely upon? a. identifying and hiring cheap sources of qualified labour in order to fill front-line positions quickly b. identifying and hiring individuals with highly specialized skills who can train others in the organization c. identifying college graduates with the requisite skills who can be promoted to management positions quickly d. identifying and hiring ...

What are performance appraisals most often used for? a. making compensation decisions b. creating a team environment c. tracking down ineffective employees d. creating distance between managers and employees - Answer A How often should performance feedback be delivered? a. It should be done at least annually. b. It depends on the organizational culture, industry, and supervisor's style. c. It should be done at regular intervals—the more frequent the better. d. It should be ...

What is Base Pay vs Variable Pay - Answer Base pay is guaranteed pay (salary, wage, etc.) whereas Variable Pay is determined by employee performance (commission, reaching goals, targets, etc.) What 3 things make up Total Compensation - Answer 1. Base Pay 2. Pay Incentives 3. Benefits What are some External factors affecting compensation? - Answer Labor Market Area Wage Rates Cost of Living Collective Bargaining What are some pros and cons of Variable Pay - Answ...

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Personality - Answer a person's unique psychological makeup and how to influences the individual to respond to the environment values - Answer the ideas, beliefs, and attitudes about what is important that help guide the way you live lifestyle - Answer the totality of all attitudes, habit, tastes, economic standards psychographic segmentation - Answer enables the understanding of consumers attitudes - Answer lasting general evaluations of various thin...

Consumer Behavior - Answer the study of the processes involved when individuals or groups, select, purchase, use, or dispose of products, services, ideas, or experiences to satisfy needs and desires Exchange - Answer 2 or more organizations or people give and receive something of value, is an integral part of marketing Marketing Segmentation - Answer identifies groups of consumers who are similar to one another in one or more ways and then devises marketing strategies tha...

What is consumer behavior? - Answer The study of processes involved when individuals or groups select, purchase, use or dispose of products, services, ideas, or experiences to satisfy needs and desires What are the steps in the consumer behavior process? - Answer Pre-purchase Purchase Post-purchase What are the different roles of a consumer? - Answer User Buyer Payer Influencer What are the role of a User? - Answer The person(s) who consumes or uses the pr...

Freudian Systems - Answer id, pleasure principle, super-ego Id - Answer the component of the self entirely oriented toward immediate gratification Pleasure Principle - Answer behavior is guided by the primary desire to maximize pleasure and avoid pain Superego - Answer the system that mediates between the id and the superego Archetypes - Answer shared memories or ideas and behavior patterns Traits - Answer our approach to personality is to focus...

Personality - Answer a person’s unique makeup and influences our perception. Freudian System - Answer ID Superego Ego ID - Answer oriented towards immediate gratification. Selfish and illogical. Primary Thinking process. Pleasure principle. Pleasurable acts without regards of consequences. SuperEgo - Answer counterweight to ID. The persons' conscience. Works to prevent the ID from seeking selfish gratification. Ego - Answer mediates between...

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Types of regulation - Answer - Market forces - Self-regulation - Private regulation - Government Market regulation - Answer - In competitive markets, less need for government-imposed laws or regulations - Laissez-faire approach - government does not interfere with business Self-regulation - Answer Regulation imposed by the corporation or industry, not directly by the government or market forces - Pros: faster, cheaper and more efficient than government regulation; mo...

Forms of "for-profit" business ownership include: - Answer Sole-proprietorships, partnerships, and corporations Civil society includes: - Answer communities, non-government organizations (NGOs), charities, volunteers, philanthropy, etc. Boulding's Triangle - what does it look like and what does it depict? - Answer Triangle with three sections - B (business), S (civil society), G (government). At each vertex, there is a circle. Depicts the three segments of th...

Stakeholder - Answer Anyone with a perceived stake in an organization's business activities Stakeholder Management - Answer The way in which a business manages its responses to stakeholder needs in the way that it addresses the relationship between the two parties Shareholder Viewpoint - Answer States that a business exists to make money and share that profit out to his shareholders in the most efficient manner Stakeholder Viewpoint - Answer Anchored in the vi...