BUSI 342 Exam 3 With Answers Liberty University GradeAplus

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Question 1 Josh is 32 years old. He worked for a financial organization for seven years after graduating with a bachelor’s degree. He received three promotions during that period. Recently, he was... fired by his employers and is now working part-time as a bartender while training as an X-ray technician. Josh is experiencing_____. Question 2 Which of the following statements is true of job sequencing? Question 3 When opportunities for promotion are scarce, a good way to keep employees motivated and develop their talents within the organization is_____. Question 4 A(n) _____ is a sequence of work-related positions a person occupies throughout life. Question 5 As companies become larger, the benefits of informal succession planning become greater. Question 6 The first step in the succession planning process is to _____. Question 7 Clarence is the Assistant Vice President of quality control for a medical equipment manufacturing firm. However, Clarence is currently teaching science in a high school in Haiti. At the end of the school semester, Clarence will resume his job duties with his employer. Clarence is_____. Question 8 Nelson, the HR Director of a large organization, is concerned about the lack of a deep internal pool of talent for middle and upper management jobs. He feels there may be employees with high management potential in lower level jobs who have not been identified and selected for development. Which of the following steps should Nelson take in order to most accurately identify the employees with high potential? Question 9 Long-term succession planning in an organization should go beyond just high-level executives and_____. Question 10 An automated talent management system helps in avoiding the termination of talented employees. Question 11 The _____ occurs when a rater gives greater weight to information received first when appraising an individual’s performance. Question 12 The contrast error occurs when a rater scores an employee high on all job criteria because of performance in one area. Question 13 Which of the following is true of appraisal interviews? Question 14 The developmental function of performance appraisals can identify areas in which the employee might wish to grow. Question 15 The forced distribution method lists the individuals being rated from highest to lowest based on their performance levels and relative contributions. Question 16 Which of the following statements is true of developing a performance-focused culture throughout the organization? Question 17 The _____ occurs when a manager uses only the lower part of the scale to rate employees. Question 18 The performance management process starts by identifying the strategic goals an organization needs to accomplish to remain competitive and profitable. Question 19 Which of the following is behavior-based information? Question 20 Which of the following is true of the administrative and developmental roles of performance appraisals? Question 21 Number of Full Time Equivalents = _____. Question 22 Which of the following is true of green-circled employees? Question 23 _____ are used to group individual jobs having approximately the same job worth. Question 24 Which of the following is a tangible indirect reward? Question 25 The _____ prohibits companies from using different wage scales for men and women performing substantially the same jobs. Question 26 If an organization has implemented competitive pay practices and has a fair and reasonable pay structure, employee concerns about inequity can be reduced by sharing this information. Question 27 Which of the following is typical of the performance philosophy of compensation? Question 28 Average annual salary increase = _____. Question 29 A red-circled employee is an employee who is paid above the range for the job. Question 30 Which of the following is true of a pay adjustment matrix? Question 31 Which of the following is true of recognition awards? Question 32 A significant portion of an executive's compensation package is_____. Question 33 The most common means of providing individual variable pay are profitsharing plans and employee stock plans. Question 34 In a stock option plan, if the market price of the stock exceeds the exercise price, _____. Question 35 Group Viewer LLC, a software company, provides profit sharing plans for its employees. After organizational restructuring, the management has decided to replace the profit sharing plan with commissions for each employee. Which of the following is true of Group Viewer LLC? Question 36 Hikoma LLC, a toy manufacturer, provides employees with incentives depending on their individual performances. This best exemplifies _____. Question 37 The salary-only approach is useful only when an organization emphasizes generating new sales and accounts. Question 38 Which of the following is a metric of human resources in variable pay plans? Question 39 Profit sharing distributes some portion of organizational profits to employees. Question 40 Which of the following is an advantage of perquisites? [Show More]

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