Human Resource Management Planning

What is the primary purpose of an organization's structure?

To define the relationship between tasks and authority for individuals and departments

What type of information is included in a Financial Plan?

An analysis of the firm's financial condition, sales forecast, capital budget, cash budget, and pro forma financial statements

Which of the following is considered an 'aid to planning'?

Gathering as much information as possible and involving others in the planning process

What is a key component of a Strategic Plan?

The company or corporate mission and strategic statements Signup and view all the answers

Which of the following is considered a 'barrier to effective planning'?

Manager's inability to plan Signup and view all the answers

What type of plan includes 'personnel requirements of the company' and 'plans for recruitment and selection'?

Human Resources Plan Signup and view all the answers

What does 'evaluation and control' refer to in the context of human resource management?

Monitoring human resource action plans and evaluating their success Signup and view all the answers

Which of the following is an example of an 'explanatory' or 'causal' model in forecasting?

Regression models Signup and view all the answers

What is the purpose of 'leading indicators' in forecasting?

To anticipate business cycle turns Signup and view all the answers

Which of the following is NOT a common source of applicants for recruitment?

Competitors Signup and view all the answers

What is the primary purpose of the 'recruitment' process in human resource management?

To attract qualified persons to apply for the vacant positions in the company Signup and view all the answers

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'?

Econometric models Signup and view all the answers

What type of plans are intended to cover a period of less than one year?

Short-range plans Signup and view all the answers

Which type of plans are designed to be used again and again for situations that recur frequently?

Policies Signup and view all the answers

What does the Human Resource Management Plan indicate?

The human resource needs in terms of quantity and quality Signup and view all the answers

Which plan covers a time span of more than one year and is mostly undertaken by middle and top management?

Long-range plans Signup and view all the answers

What kind of plans involve describing the exact series of actions to be taken in a given situation?

Procedures Signup and view all the answers

Which of the following explains projected expenditure for a certain activity and where the required funds will come from?

Budgets Signup and view all the answers

What is the primary goal of an application according to the text?

To eliminate dissatisfiers and install satisfiers Signup and view all the answers

At what level is there no satisfaction and no dissatisfaction, according to the text?

Level 0 Signup and view all the answers

Which of the following is NOT listed as a satisfier or motivation factor in the text?

Salary Signup and view all the answers

According to the expectancy theory, what determines an individual's motivation to work?

All of the above Signup and view all the answers

What is the definition of 'expectancy' according to the text?

A belief about the likelihood or probability that a particular behavioral act will lead to a particular outcome Signup and view all the answers

Which of the following is NOT listed as an assumption of the expectancy theory in the text?

People have a fixed set of expectations and values that do not change over time Signup and view all the answers

What is the primary advantage of a functional organizational structure?

It promotes efficient resource use and economies of scale. Signup and view all the answers

Which of the following is NOT a disadvantage of a functional organizational structure?

It hinders career progression opportunities across departments. Signup and view all the answers

In a functional organization, what is the primary reason for the chain of command converging at the top?

To enable centralized decision-making and unified direction. Signup and view all the answers

Which of the following is a potential advantage of a functional organizational structure?

It promotes high-quality technical problem-solving and skill specialization. Signup and view all the answers

For which type of firm is a functional organizational structure most effective?

Smaller firms with well-defined skills and areas of specialization. Signup and view all the answers

What is the primary reason for the emphasis on work specialization and division of labor in a functional organizational structure?

To promote efficient resource utilization and economies of scale. Signup and view all the answers