Human capital: correct answers the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Human resource management: correct answers Activities that managers engage in to attract and retain employees and t...
MGT 300 EXAM 3 || A+ GRADED!
Human capital: correct answers the skills, knowledge, and experience possessed by an
individual or population, viewed in terms of their value or cost to an organization or country.
Human resource management: correct answers Activities that managers engage in to attract
and retain employees and to ensure that they perform at a high level and contribute to the
accomplishment of organizational goals
HRM and the law: correct answers Fair Labor Standards Act of 1938- Established minimum
living standards for workers in interstate commerce, including provision of a federal
minimum wage
Equal Employment Opportunity Commission- Job is to enforce antidiscrimination and other
employment related laws
Occupational Saftey & Health Act- Established minimum health and safety standards in
organizations
Americans with Disabilities Act: Prohibits discrimination against essentially qualified
employees with physical or mental disabilities or chronic illness: requires "reasonable
accommodation" be provided so they can perform duties
Equal Pay Act- Requires men and women be paid equally for performing equal work
Sarbanes-Oxley Act-Prohibits employers from demoting or firing employees who raise
accusations of fraud to a federal agency
Job Analysis: correct answers determining the basic elements of a job by observation and
analysis. What aspects of the job are important/least important? full time/part time
Job description: correct answers summarizes what the holder of job does and why they do it
Steps in HRM process: correct answers Establish the mission & vision
-Establish the grand strategy
-Formulate the strategic plans
-Plan human resources needed
-Recruit & select people
-Orient, train, & develop
-Perform appraisals of people
Selection techniques are evaluated: correct answers managers find out whether each applicant
is qualified for the position and likely to be a good performer, screening applicant info,
interview/site visit, employment testing and checks
Person-organization fit: correct answers reflects the extent to which your personality and
values match the climate and culture in an organization
Role of strategic HRM: correct answers the process by which managers design the
components of a HRM system to be consistent with each other, with other elements of
organizational architecture, and with the organization's strategy and goals
Kinds of recruiting: correct answers Internal recruiting- is the process of looking inside the
organization for existing qualified employees who might be promoted to higher-level
positions.
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