Job Requirements Quiz

What are hard skills and soft skills?

What is the Iceberg Theory in relation to hiring?

Why are core job competencies important?

What are the different value systems that influence employees' behavior in the workplace?

What analogy is used to describe the significance of having the right people in an organization?

Sole proprietorships are attractive to small investors because they are relatively easy to start up.

In sole proprietorships, the owner is entitled to all the profits that the sole proprietorship collects.

Sole proprietorships can be risky because there is no separation between the owner and the business.

Formation of a sole proprietorship is less complicated and cheaper compared to starting a formal corporation.

In a sole proprietorship, the business will be taxed at the rates applied to personal income, not corporate taxes.

Hard Skills and Soft Skills

Hard skills are specific, teachable abilities or knowledge sets, such as programming, accounting, or proficiency in a foreign language.
Soft skills encompass interpersonal traits, including communication, teamwork, empathy, and problem-solving abilities.

Iceberg Theory in Hiring

The Iceberg Theory suggests that observable qualities are only a small part of what makes an effective employee, with deeper qualities like values, beliefs, and motivations hidden beneath the surface.
Hiring should prioritize these underlying attributes to ensure long-term success and fit within the organization.

Importance of Core Job Competencies

Core job competencies define the essential skills and qualities needed to perform a job effectively.
They serve as benchmarks for employee performance evaluation, recruitment, training, and development.

Value Systems Influencing Employee Behavior

Different value systems shape how employees perceive their roles and responsibilities, influencing their behavior.
Factors include individual beliefs, organizational culture, ethical principles, and personal priorities.

Analogy for Right People in an Organization

Finding the right people for an organization is often compared to assembling a puzzle, where each piece represents an employee whose unique skills and attributes contribute to the overall picture of success.

Sole Proprietorships: Key Characteristics

Attract small investors due to their straightforward establishment process and low startup costs.
Owners retain full profits generated by the business without sharing with partners or shareholders.
The business does not have a legal distinction between owner and entity, increasing personal financial risk.
Formation involves less complexity and lower expenses compared to starting a corporation.
Taxation occurs at individual income rates rather than corporate tax rates, simplifying tax responsibilities for the owner.

Test your knowledge on the requirements of a job with this quiz! Learn about the distinction between hard skills and soft skills, understand the Iceberg Theory in a manager's search for the right person, and appreciate the importance of core job competencies. Discover the different value systems that influence employee performance.