Human Resource Management: Performance and Rewards
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Questions and Answers

What is one reason companies may limit their pollution beyond what is required by law?

  • To disclose financial statements
  • To feel a sense of social responsibility (correct)
  • To abide by labor laws
  • To avoid restrictive trade practices
  • What type of practices are companies prohibited from engaging in?

  • Labor laws
  • Fair trade practices
  • Restrictive trade practices (correct)
  • Financial disclosure
  • What is one reason companies are required to disclose financial statements?

  • To assist in implementing socio-economic policies
  • To avoid corruption
  • To abide by labor laws
  • To make ownership of shares widely available (correct)
  • Why is it important for companies to help earn foreign exchange?

    <p>To import valuable and vital goods</p> Signup and view all the answers

    What is one way companies can assist the government?

    <p>By advising the government</p> Signup and view all the answers

    What is one role of the business sector in implementing socio-economic policies?

    <p>To collaborate and assist the government</p> Signup and view all the answers

    What is the outcome of a company fulfilling its obligations to the government?

    <p>The government works more efficiently</p> Signup and view all the answers

    Why is the acquisition of new knowledge and skills necessary for business success?

    <p>To maintain a competitive edge</p> Signup and view all the answers

    What is the purpose of paying taxes and fees to the government?

    <p>To operate a business legally</p> Signup and view all the answers

    What is the principle behind the phrase 'What gets measured gets done'?

    <p>Measuring performance leads to increased productivity</p> Signup and view all the answers

    What is the primary reason for a company to observe laws, rules, and regulations?

    <p>To avoid legal penalties</p> Signup and view all the answers

    What is the purpose of giving rewards and benefits to employees?

    <p>To attract and retain top talent</p> Signup and view all the answers

    What is a consequence of failure to investigate a matter concerning shareholders' rights?

    <p>A violation of ethical and legal duty of care</p> Signup and view all the answers

    Why is maintaining professional relationships among employees a challenge for employers?

    <p>Due to the difficulty of preventing harassment and discrimination</p> Signup and view all the answers

    What is a common issue in family-run businesses?

    <p>Conflicts of interest</p> Signup and view all the answers

    What is an example of a personnel relations distribution dilemma?

    <p>Mistreating employees</p> Signup and view all the answers

    Why is it important to prevent harassment and discrimination in the workplace?

    <p>To promote a positive and respectful work environment</p> Signup and view all the answers

    What is a consequence of threatening or firing whistleblowers?

    <p>Legal and reputational consequences</p> Signup and view all the answers

    What is commonly anticipated by the public from businesses today?

    <p>Giving back to the society</p> Signup and view all the answers

    Why do some businesses give to society?

    <p>For ethical reasons</p> Signup and view all the answers

    What is the four-part CSR definition based on?

    <p>Economic, legal, ethical, and philanthropic expectations</p> Signup and view all the answers

    What is the focus of the Environmental Integrity and Community Health Model?

    <p>Environmental integrity and human health</p> Signup and view all the answers

    According to the Environmental Integrity and Community Health Model, what is a result of corporate contribution to environmental integrity and human health?

    <p>More opportunities for growth</p> Signup and view all the answers

    What is the advantage of CSR according to the Environmental Integrity and Community Health Model?

    <p>CSR is advantageous to the corporate sector</p> Signup and view all the answers

    What is the foundation of a true business vision?

    <p>Both purpose and values</p> Signup and view all the answers

    What is one reason a business with a strong sense of purpose is more likely to succeed?

    <p>It stands for something more than just increased profits</p> Signup and view all the answers

    What do purpose and values provide for a company?

    <p>A solid foundation for decision-making, a compass for all aspects of the business, and more</p> Signup and view all the answers

    What is one benefit of having a strong sense of purpose and values for customers?

    <p>They will have more to engage with and buy into</p> Signup and view all the answers

    What is one role of business ethics in a company?

    <p>To assist owners, managers, and professional advisers in meeting standards</p> Signup and view all the answers

    What is the result of a business having a strong culture and ethos?

    <p>Employee and customer loyalty</p> Signup and view all the answers

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