Human Resources Management for Entrepreneurs

Which of the following is NOT a challenge of human resources management for entrepreneurial firms?

Meeting basic legal requirements in human resources management is sufficient for a firm to be successful.

What are two key factors that are essential in human resources management for successful strategy implementation in entrepreneurial firms?

Effective human resources management in entrepreneurial firms can positively impact the overall ______ of the business.

Match the following concepts to their corresponding descriptions:

What is the average salary range for a Furniture Refinisher?

Employees must pay a premium for medical coverage for their family.

How many sick days does an employee accrue in one year?

The Furniture Refinisher is responsible for evaluating, repairing, and __________ a variety of office furniture.

Match the methods of advertising job openings with their characteristics:

What is a key reason hiring is critical for entrepreneurial firms?

A job description should be very formal and detailed like in large corporations.

What are the three negative impacts of a poor employee in a small firm?

Human resources refer to the quantity and quality of human effort directed toward producing __________ and services.

Match the following aspects of a job description with their significance:

What is a primary reason that poor employee retention is detrimental to a company?

Compensation information among employees is typically kept confidential to avoid conflicts.

What theory helps companies design fair compensation plans?

__________ helps employees judge their treatment relative to others in terms of fairness in compensation.

Match the following terms to their correct definitions:

Which of the following methods is NOT mentioned as a way to post job advertisements?

It is acceptable to use discriminatory language in job advertisements.

What is a key factor that makes job advertisements more effective?

According to the guidelines, job advertisements should emphasize _____ of the company to attract applicants.

Match the following aspects of job advertisement with their descriptions:

Which of the following is a form of compensation that combines both salary and commission?

The Fair Labor Standards Act (FLSA) establishes a maximum wage for workers.

What is the federal minimum wage established by the FLSA as of 2020?

A bonus is typically offered to employees based on their ______.

Match the following types of compensation to their descriptions:

Which of the following questions might be considered inappropriate to ask a candidate during an interview?

Performance reviews are solely focused on categorizing employees into good or bad performers.

What should be considered when terminating an employee?

During a performance review, it is important to address concerns in an open ______.

Match the following reasons for employee termination with their descriptions:

What aspect is NOT emphasized as important during performance reviews?

Providing only positive feedback during performance reviews is a best practice.

What is a critical outcome of poorly documented reasons for employee termination?

Performance reviews should establish clear, realistic ______ to evaluate employee performance.

Match the following performance management concepts with their descriptions:

What is one reason organizations ask candidates to spend a day at the company?

All entrepreneurial businesses prefer to have drug testing programs in place.

What type of test may be required by some organizations before a candidate is eligible for an interview?

Entrepreneurs should consult a local ______ before beginning a drug-free workplace program.

What key factor should entrepreneurs consider when extending a job offer?

Match the testing types with their purposes:

Employee feedback is not needed before making a hiring decision.

What should be done once an offer is agreed upon?

What is the minimum wage aimed at ensuring a worker can afford basic needs while working 40 hours a week referred to as?

Businesses can offer the same level of benefits irrespective of their size.

What must businesses with 50 or more full-time employees provide under the Affordable Care Act?

Employees who work over 40 hours a week and are non-exempt must be paid time and a half for ___ hours.

Match each employee benefit with its description: