1. What does Henry Ford emphasize as essential for rebuilding a business?
A) Technology
B) People
C) Buildings
Answer: B) People
What is the first step in the job recruitment process?
A) Conducting background checks
B) Reviewing applications
C) Writing a job description
C) Writing a job description
What is an example of a cultural issue in business?
A) Using local managers
B) Different gift-giving customs in Japan vs. the U.S.
C) Training new employees
Answer: B) Different gift-giving customs in Japan vs. the U.S.
Explain the importance of a job description in the hiring process.
Answer: A job description outlines the duties, qualifications, and conditions required for a position, helping HR managers find suitable candidates.
2.What is the primary role of human resources management?
A) Supervising employees
B) Training and evaluating employees
C) Managing finances
Answer: B) Training and evaluating employees
Which training method involves learning while performing the job?
A) On-the-job training
B) Group training
C) Job rotation
Answer: A) On-the-job training
What is corporate culture?
A) The global economy’s impact on businesses
B) The shared values, beliefs, and goals within a company
C) A company’s financial plan
Answer: B) The shared values, beliefs, and goals within a company
What are the benefits of on-the-job training?
Answer: On-the-job training allows employees to learn practical skills while performing tasks, providing real-time experience and guidance.
What is a job description?
A) A form for applying to a job
B) A detailed outline of job duties and qualifications
C) A list of company goals
Answer:B) A detailed outline of job duties and qualifications
What is the purpose of job rotation?
A) To reduce employee turnover
B) To help employees gain experience in various tasks
C) To replace absent workers
Answer: B) To help employees gain experience in various tasks
Which factor can influence corporate culture?
A) Founder’s values
B) Employee attendance
C) Retirement plans
Answer: A) Founder’s values
Describe corporate culture and how it affects a business.
Answer: Corporate culture is the shared values, beliefs, and goals within a company. It influences employee behavior, teamwork, and overall productivity.
4. Which of the following is an example of a benefit?
A) Weekly salary
B) Health insurance
C) Hourly wage
Answer: B) Health insurance
9. What does a performance appraisal evaluate?
A) An employee's retirement benefits
B) An employee's job performance
C) An employee's attendance record
Answer:B) An employee's job performance
What is one way to market successfully in another country?
A) Ignore local preferences
B) Adapt products to suit local tastes
C) Focus only on pricing
Answer: B) Adapt products to suit local tastes
What are some challenges businesses face in global markets?
Answer: Challenges include adapting to cultural differences, understanding local customs, and handling language barriers or differing business etiquettes.
. What is the purpose of a profit-sharing plan?
A) To provide employees with stock options
B) To share company profits with employees' retirement funds
C) To reduce taxes for employees
Answer: B) To share company profits with employees' retirement funds
What is a global economy?
A) The economy of a single country
B) The interconnected economies of the world
C) The cultural practices of businesses
Answer: B) The interconnected economies of the world
What is a key aspect of performance appraisals?
A) Offering retirement benefits
B) Discussing employee strengths and weaknesses
C) Assigning new job tasks
Answer: B) Discussing employee strengths and weaknesses
Why is performance appraisal important for employees and employers?
Answer: Performance appraisals help employees identify strengths and areas for improvement, while employers can ensure goals align with organizational objectives.