B US 110: Exam 3 Review Qu estions
an d answ er s w ith accu r ate
r ationales(PASSED)
Human Resource Management - answer All the activities involved in determining
an organization's human resources needs, as well as acquiring, training, and
compensating people to fill those needs
Job Description - answer Describes the job that you will be doing and it will have
everything listed that you should know about the job
Job Specification - answer Description of the qualifications necessary for a specific
job, in terms of education, experience, and personal and physical characteristics
Recruiting - answer Forming a pool of qualified applicants from which
management can select employees
Compensation - answer Something, typically money, awarded to someone as a
recompense for loss, injury, or suffering. Wages and Salary
Marketing Concept - answer Idea that the social and economic justification for an
organization's existence is the satisfaction of customer wants and needs while
meeting organizational objectives
Product Line - answer Group of closely related product items viewed as a unit
because of marketing, technical, or end-use considerations
, Life Cycle of a Product - answer Product steps that include resources needed to
make an object, manufacturing, useful life and disposal
Labor Union - answer Organized association of workers, often in a trade or
profession, formed to protect and further their rights and interests.
3 Strategies to Solve Union Negotiation Impasse - answer Conciliation
Mediation
Arbitration
Conciliation - answer Method of outside resolution of labor and management
differences in which a third party is brought in to keep the two sides talking
Mediation - answer Negotiation to resolve differences conducted by some
impartial party
Arbitration - answer Process or act of resolving a dispute
Diversity In The Workforce - answer Diversity is the existence of differences.
Diversity fosters creativity and innovation through divergent thinking, so to
exclude qualified people because they are "different" is counterproductive to
business success.
*Gives greater ability to serve needs of a diverse customer base
an d answ er s w ith accu r ate
r ationales(PASSED)
Human Resource Management - answer All the activities involved in determining
an organization's human resources needs, as well as acquiring, training, and
compensating people to fill those needs
Job Description - answer Describes the job that you will be doing and it will have
everything listed that you should know about the job
Job Specification - answer Description of the qualifications necessary for a specific
job, in terms of education, experience, and personal and physical characteristics
Recruiting - answer Forming a pool of qualified applicants from which
management can select employees
Compensation - answer Something, typically money, awarded to someone as a
recompense for loss, injury, or suffering. Wages and Salary
Marketing Concept - answer Idea that the social and economic justification for an
organization's existence is the satisfaction of customer wants and needs while
meeting organizational objectives
Product Line - answer Group of closely related product items viewed as a unit
because of marketing, technical, or end-use considerations
, Life Cycle of a Product - answer Product steps that include resources needed to
make an object, manufacturing, useful life and disposal
Labor Union - answer Organized association of workers, often in a trade or
profession, formed to protect and further their rights and interests.
3 Strategies to Solve Union Negotiation Impasse - answer Conciliation
Mediation
Arbitration
Conciliation - answer Method of outside resolution of labor and management
differences in which a third party is brought in to keep the two sides talking
Mediation - answer Negotiation to resolve differences conducted by some
impartial party
Arbitration - answer Process or act of resolving a dispute
Diversity In The Workforce - answer Diversity is the existence of differences.
Diversity fosters creativity and innovation through divergent thinking, so to
exclude qualified people because they are "different" is counterproductive to
business success.
*Gives greater ability to serve needs of a diverse customer base
