Podcast
Questions and Answers
What is the primary purpose of an organization's structure?
What is the primary purpose of an organization's structure?
- To forecast sales and create a capital budget
- To set the company's mission and objectives
- To develop a training plan for personnel
- To define the relationship between tasks and authority for individuals and departments (correct)
What type of information is included in a Financial Plan?
What type of information is included in a Financial Plan?
- Personnel requirements and recruitment plans
- The company's mission and strategic objectives
- An analysis of the firm's financial condition, sales forecast, capital budget, cash budget, and pro forma financial statements (correct)
- Strategies for making the planning process more effective
Which of the following is considered an 'aid to planning'?
Which of the following is considered an 'aid to planning'?
- Gathering as much information as possible and involving others in the planning process (correct)
- Relying too heavily on the planning department
- Focusing on the present at the expense of the future
- Concentrating only on the controllable variables
What is a key component of a Strategic Plan?
What is a key component of a Strategic Plan?
Which of the following is considered a 'barrier to effective planning'?
Which of the following is considered a 'barrier to effective planning'?
What type of plan includes 'personnel requirements of the company' and 'plans for recruitment and selection'?
What type of plan includes 'personnel requirements of the company' and 'plans for recruitment and selection'?
What does 'evaluation and control' refer to in the context of human resource management?
What does 'evaluation and control' refer to in the context of human resource management?
Which of the following is an example of an 'explanatory' or 'causal' model in forecasting?
Which of the following is an example of an 'explanatory' or 'causal' model in forecasting?
What is the purpose of 'leading indicators' in forecasting?
What is the purpose of 'leading indicators' in forecasting?
Which of the following is NOT a common source of applicants for recruitment?
Which of the following is NOT a common source of applicants for recruitment?
What is the primary purpose of the 'recruitment' process in human resource management?
What is the primary purpose of the 'recruitment' process in human resource management?
Which type of forecasting model is described as 'a system of regression equations estimated from past time-series data and used to show the effect of various independent variables on various dependents variables'?
Which type of forecasting model is described as 'a system of regression equations estimated from past time-series data and used to show the effect of various independent variables on various dependents variables'?
What type of plans are intended to cover a period of less than one year?
What type of plans are intended to cover a period of less than one year?
Which type of plans are designed to be used again and again for situations that recur frequently?
Which type of plans are designed to be used again and again for situations that recur frequently?
What does the Human Resource Management Plan indicate?
What does the Human Resource Management Plan indicate?
Which plan covers a time span of more than one year and is mostly undertaken by middle and top management?
Which plan covers a time span of more than one year and is mostly undertaken by middle and top management?
What kind of plans involve describing the exact series of actions to be taken in a given situation?
What kind of plans involve describing the exact series of actions to be taken in a given situation?
Which of the following explains projected expenditure for a certain activity and where the required funds will come from?
Which of the following explains projected expenditure for a certain activity and where the required funds will come from?
What is the primary goal of an application according to the text?
What is the primary goal of an application according to the text?
At what level is there no satisfaction and no dissatisfaction, according to the text?
At what level is there no satisfaction and no dissatisfaction, according to the text?
Which of the following is NOT listed as a satisfier or motivation factor in the text?
Which of the following is NOT listed as a satisfier or motivation factor in the text?
According to the expectancy theory, what determines an individual's motivation to work?
According to the expectancy theory, what determines an individual's motivation to work?
What is the definition of 'expectancy' according to the text?
What is the definition of 'expectancy' according to the text?
Which of the following is NOT listed as an assumption of the expectancy theory in the text?
Which of the following is NOT listed as an assumption of the expectancy theory in the text?
What is the primary advantage of a functional organizational structure?
What is the primary advantage of a functional organizational structure?
Which of the following is NOT a disadvantage of a functional organizational structure?
Which of the following is NOT a disadvantage of a functional organizational structure?
In a functional organization, what is the primary reason for the chain of command converging at the top?
In a functional organization, what is the primary reason for the chain of command converging at the top?
Which of the following is a potential advantage of a functional organizational structure?
Which of the following is a potential advantage of a functional organizational structure?
For which type of firm is a functional organizational structure most effective?
For which type of firm is a functional organizational structure most effective?
What is the primary reason for the emphasis on work specialization and division of labor in a functional organizational structure?
What is the primary reason for the emphasis on work specialization and division of labor in a functional organizational structure?
