BUS 6600 FINAL EXAM ACTUAL QUESTIONS AND

BUS 6600 FINAL EXAM (ACTUAL / ) QUESTIONS AND

VERIFIED ANSWERS

Human Resource Planning - ----Answers---activities that managers engage in to forecast their current and future needs for human resources

Human resource laws - ----Answers---Laws used to protect groups from being exploited

Human Resource Management - ----Answers---consists of the activities managers perform to plan for, attract, develop, and retain an effective workforce

identity theft - ----Answers---The forging of someone's identity for the purpose of fraud

Important demographic trends - ----Answers---

insider trading - ----Answers---an unethical activity in which insiders use private company information to further their own fortunes or those of their family and friends

Intrinsic and Extrinsic Rewards - ----Answers---All the rewards are extrinsic rewards-those awarded to the student 1 / 3

from another. Intrinsic rewards are internal motivators such as joy in learning to play a challenging piano piece.

Just-in-time (JIT) - ----Answers---a production method that involves reducing or virtually eliminating the need to hold inventories of raw materials or unsold inventories of the finished product. Supplies arrive just at the time they are needed.

Inventory Turnover Ratio - ----Answers---cost of goods sold/average inventory

Job Analysis - ----Answers---a study of what employees do who hold various job titles

job description - ----Answers---specifies the objectives of the job, the type of work, the responsibilities and duties, working conditions, and the job's relationship to other functions

job specifications - ----Answers---a written summary of the minimum qualifications required of workers to do a particular job

job enrichment - ----Answers---A motivational strategy that emphasizes motivating the worker through the job itself.

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job recognition - ----Answers---getting awarded for the high- quality of your work

Job Skills - ----Answers---Specific tasks or procedures a person can do to complete a job

Junk Bonds - ----Answers---High-risk, high-interest bonds

Key Economic Indicators - ----Answers---GDP, unemployment rate, price indexes

labor legislation - ----Answers---laws passed by federal and state legislatures to protect the rights and safety of laborers (workers)

Labor Unions and Strikes - ----Answers---Labor unions were groups of workers who wanted to obtain better working conditions, strikes were held in order to obtain such conditions.

labor-management disagreements - ----Answers---starts with mediation between workers and management and moves toward arbitration if negotiations get ugly

Leadership Styles - ----Answers---autocratic, democratic, free-rein

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