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ASU MGT 420 Exam 1 Questions And Answers (Updated And Verified) What are the old and new roles for HRM? - answerOld (cost center) Keep track of forms, policy & procedure enforcement, payroll and insurance, cost reduction. New (strategic partner) Employee development, integration with core bus, change management, result oriented. Why do personnel policies exist? - answerinfluence the characteristics of the positions to be filled. An organization's personnel policies are its decisions about...

Intellectual Capital - Answer-The collective brainpower or shared knowledge of a workforce (commitment, competency, intellectual capital) Knowledge Workers - Answer-Mind is a critical asset to employers and adds to the intellectual capital of an organization Tech IQ - Answer-A person's ability to use technology to stay informed: - Checking inventory, making a sales transaction, ordering supplies - Telecommuting - Virtual Teams Globalization - Answer-The worldwide interdependenc...

Management 420 KSU Exam 2 Questions And Answers (Updated And Verified) Organizational culture (corporate culture) - answerthe system of shared beliefs and values that guides behavior in organizations zappos - answerCEO Tony Hsieh has built a fun, creative, and customer-centered culture. He says: "The original idea was to add a little fun," Hsieh's advice is that if you "get the culture right, most of the other stuff, like brand and the customer service, will just happen."5 A CEO Jeff...

Intellectual capital correct answers The collective brainpower or shared knowledge of a workforce. Ethics correct answers Set moral standards of what is "good" and "right" behavior in organizations and in our personal lives. Code of moral principles that sets standards of conduct for what is "good" and "right" as opposed to "bad" or "wrong." Align the company with changes in the external environment correct answers ___________ is a responsibility most associated with the work o...

Pay structure correct answers refers to the way in which an organization applies pay rates to different jobs, skills, or competencies. An effective pay structure is an important part of an organization's broader compensation and reward systems, and it is important for attracting and retaining talented individuals, as well as for motivating existing workers to achieve higher levels of performance. Further, an effective pay structure distributes pay fairly, competes with the pay practices of oth...

Types of Management correct answers Top level, middle level and lower level Accountability correct answers The requirement of one person to answer to a higher authority for performance achieved in his or her area of work responsibility. effective managers correct answers help others achieve high levels of both performance and satisfaction - Performance relates to achieving organizational goals - Satisfaction relates to QWL (Quality of Work Life). upside-down pyramid correct answers -...

Organizations correct answers A collection of people working together to achieve a common purpose Open Systems correct answers Transforms human and material resource inputs into finished goods and services. Interacts with its environment. input -> transformation process -> output -> consumer feedback Closed Systems correct answers Closed off from the outside environment, and all interaction and knowledge is transmitted within the closed system only. Complex Adaptive System co...