Podcast
Questions and Answers
Which step is NOT included in the human resource planning process?
Which step is NOT included in the human resource planning process?
- Establish strategic plan
- Prepare human resource inventory
- Assess future human resource demand
- Implement training programs (correct)
What is an example of a pay system that compensates based on output?
What is an example of a pay system that compensates based on output?
- Salary
- Commission plans (correct)
- Hourly wage
- Bonus plans
Which of the following terms describes the legal considerations involved in employee terminations?
Which of the following terms describes the legal considerations involved in employee terminations?
- Golden handshake (correct)
- Employee value proposition
- Covenants
- Transition plan
What is primarily assessed during the job analysis step of human resource planning?
What is primarily assessed during the job analysis step of human resource planning?
Which of the following is NOT a component of establishing job performance standards?
Which of the following is NOT a component of establishing job performance standards?
Which type of decision is primarily concerned with the direction of an organization over both short and long terms?
Which type of decision is primarily concerned with the direction of an organization over both short and long terms?
What type of reports are typically used for managerial accounting to assist internal stakeholders?
What type of reports are typically used for managerial accounting to assist internal stakeholders?
Which accounting discipline primarily focuses on the preparation and presentation of financial statements for external stakeholders?
Which accounting discipline primarily focuses on the preparation and presentation of financial statements for external stakeholders?
Which financial strategy is typically employed to assess a company's performance over time by examining relationships between various financial statements?
Which financial strategy is typically employed to assess a company's performance over time by examining relationships between various financial statements?
What is an essential focus of human resource management practices within an organization?
What is an essential focus of human resource management practices within an organization?
Which management framework focuses on external factors affecting industry competition?
Which management framework focuses on external factors affecting industry competition?
What is the main purpose of profit-sharing plans in human resource management?
What is the main purpose of profit-sharing plans in human resource management?
In the context of management and leadership, which leadership style involves maximum freedom for subordinates?
In the context of management and leadership, which leadership style involves maximum freedom for subordinates?
What does a social audit primarily assess?
What does a social audit primarily assess?
Which concept is part of the triple bottom line framework in corporate responsibility?
Which concept is part of the triple bottom line framework in corporate responsibility?
What is the primary use of cost-of-living allowances (COLAs) in employee compensation?
What is the primary use of cost-of-living allowances (COLAs) in employee compensation?
In financial planning strategies, what does SWOT analysis primarily evaluate?
In financial planning strategies, what does SWOT analysis primarily evaluate?
What is the focus of gain-sharing plans in a workplace?
What is the focus of gain-sharing plans in a workplace?
Flashcards
Financial Management Key Themes
Financial Management Key Themes
Concepts related to funding a business, including sources like operations, equity, and debt.
Human Resource Planning Steps
Human Resource Planning Steps
A five-step process for aligning human resources with business needs.
Performance Appraisal Steps
Performance Appraisal Steps
A process for evaluating employee job performance.
Debt Terminology
Debt Terminology
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Employee Value Proposition (EVP)
Employee Value Proposition (EVP)
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Managerial Accounting
Managerial Accounting
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Financial Accounting
Financial Accounting
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Audit
Audit
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Tax
Tax
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What information does managerial accounting provide?
What information does managerial accounting provide?
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Profit-sharing plans
Profit-sharing plans
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Gain-sharing plans
Gain-sharing plans
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Cost-of-living allowances (COLAs)
Cost-of-living allowances (COLAs)
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Stock options
Stock options
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Balanced scorecard
Balanced scorecard
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Technical skills
Technical skills
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Autocratic leadership style
Autocratic leadership style
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Democratic leadership style
Democratic leadership style
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Study Notes
Last Class Review - Reminders
- A mock exam is available to help students prepare for the final exam
- The mock exam contains short answer and multiple-choice questions
- The multiple-choice questions are worth 50 marks, while short-answer is not marked
- The total marks for the mock exam is 75, but the total mark for your final exam will be out of 50
Final Examination Reminders
- Students need to bring a Waterloo Card
- Students need to bring a black/blue pen or HB2 pencil
- If a student accidentally bubbles in two answers, clearly indicate their final answer
Final Exam Info & Tips
- Final Exam schedule is available on the provided website
- The final exam will include approximately 85 multiple-choice questions
- Approximately 4 questions for modules 1-6, and 12 questions from modules 7-11
- The final exam will have 11 short answer questions from modules 7-11
Final Examination Additional Office Hours
- Friday December 6th, 4:00 PM - 6:00 PM
- Monday December 9th, 4:30 PM - 6:30 PM
Accounting Disciplines
- This section details the topics for different accounting disciplines, stakeholders, and types of decisions.
- Relevant details for Managerial, Financial, Audit, Tax, Consulting, and Advisory are included.
Accounting Key Themes
- Topics include 3 financial statements, cash flow statements, income statements, balance sheets, accrual vs cash, matching principle, and ratio analysis (Current Ratio, Acid Test, Debt to Owners' equity, EPS, ROS, ROE, and Inventory Turnover).
Financial Planning
- Focuses on the connection between financial planning and budgeting, with links to short-term forecasting, long-term forecasting, capital budgeting, operating, and cash budgets, feedback loops, and financial controls.
Financial Management Key Themes
- This section lists key themes, including Source of Funds, Operations, Equity, Debt (Financing), Debt Terminology (Interest Rate, Repayment, Security, Covenants, Terms).
HR Management Key Themes
- Categories for HR include Steps in Human Resource Planning (inventory, job analysis, future demand and supply, and strategic planning), EVP (Employee Value Proposition), Golden Handshake, Terminations (Legal considerations, Transition planning, Protecting assets), Performance Appraisal (standards, communication, results, corrective action), and Pay Systems (salary, hourly wage/daywork, piecework systems, commission plans, bonus plans, profit sharing, cost-of-living allowances, and stock options).
Management & Leadership
- This section covers POLC, PESTEL, Porter's Five Forces, SMART Goals, SWOT, Balanced Scorecard, Management Skills, Technical Skills, Human Relations, Technical Skills, Leadership Styles (Autocratic, Democratic, Participative, and Free-rein).
Ethics & Social Responsibility Key Themes
- This section covers Ethics of Justice vs Ethics of Care, Ethics Checklist, Legal considerations, Balanced considerations, Triple Bottom Line, Social Audit, Compliance-based vs Integrity-based Ethics Code, Corporate Philanthropy, Corporate Social Initiatives, Corporate Responsibility, and Corporate Policy.
Lululemon Business Discussion Questions
- This topic provides a list of questions related to the Lululemon business.
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