SHRM Bask Glossary 2024 (Qs & As) Already Passed!!
What does ADDIE stand for? Answer- Analysis
Design
Development
Implementation
Evaluation
What is the ADDIE? Answer- a five-step instructional design framework that guides the design and development of learning programs
ADEA Answer- Age Discrimination in Employment Act
What does ADR stand for? Answer- Alternative dispute resolution
What is the ADR? Answer- an umbrella term for various approaches and techniques
that can be used to resolve a dispute, such as arbitration, conciliation, and mediation
Assessment Center Answer- process by which job candidates or employees are evaluated to determine suitability and/or readiness for employment, training, promotion, or an assignment
What does ATS stand for? Answer- Applicant tracking system
What is an ATS? Answer- a software application that automates organizations' management of the recruiting process, such as accepting application materials and screening applicants
Balance sheet Answer- statement of an organization's financial position at a specific
point in time, showing assets, liabilities, and shareholder equity.
balance scorecard Answer- performance management tool that depicts an organization's overall performance as measured against goals, lagging indicators and leading indicators
Business case Answer- tool or document that defines a specific problem, proposes a solution and provides justification for the proposal in terms of time, cost efficiency, and probability of success. Business intelligence Answer- raw data that is translated into meaningful information
for decision-makers to use in taking strategic actions
business unit Answer- element or segment of an organization that represents a specific business function, such as accounting, marketing, or production; also called a department, cost center, or functional area.
Career mapping Answer- process by which organizations use visual tools or guides to depict prototypical or exemplary career possibilities and paths in terms of sequential positions, roles and stages.
career pathing Answer- process by which employers provide employees with clear outline for moving from a current to a desired position
center of excellence Answer- team or structure that provides expertise, best practice, support and/or knowledge transfer in a focus area
CEO Answer- Chief Executive Officer
CFO Answer- Chief Financial Officer
Change managment Answer- principles and practices for managing a change initiative so it is more likely to be accepted and to receive the resources necessary to
reshape the organization
CHRO Answer- Chief Human Resource Officer
coaching Answer- focused, interactive, communication and guidance intended to develop and enhance on the job performance, knowledge, or behavior
COBRA Answer- Consolidated Omnibus Budget Reconciliation Act
Comparable worth Answer- the concept that women and men should receive equal pay for jobs calling for comparable skill and responsibility
Compliance Answer- state of being in accordance with all national, federal, regional,
and/or local laws, regulation, and government authorities and requirements
conciliation Answer- method of nonbinding alternative dispute resolution(ADR) by which a neutral third party tries to help disputing parties reach a mutually agreeable decision, such as mediation
COO Answer- Chief Operating Officer
critical path Answer- amount of time needed to complete all required elements or components of a task, which is determined by taking into account all project-task relationships
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