QUESTIONS WITH SOLUTIONS GRADED
A+
>> wage-rate bargain
- the first agreement of employment
Answer: How much someone will be paid for the work that they agree to do.
>> capitalist economy
Answer: private ownership of capital, allocation of resources through
market mechanisms, and profit imperative
>> Profit imperative
- puts pressure on organizations to cheapen labour
Answer: The need to profit or fail
>> Employer's interests
Answer: Maximize profits and profitability while controlling working
conditions
>> Worker's interests
Answer: making the most money for the least amount of work while being
safe
>> social relationship
Answer: Organizations require the cooperation from both workers and
employers to be successful
>> labour market
,Answer: The market where labour is bought and sold. People supply their
labour and it is in turn demanded by firms.
>> wage-effort bargain
Answer: how hard employees agree to work, given the terms and conditions
of the contract
>> conflict of interests
Answer: employers seek to maximize outputs and minimize costs while
employees seek maximum wages and minimum workload
>> Human Resource Management
- intended to maximize the profitability of employing workers
Answer: consists of the activities managers perform to plan for, attract,
develop, and retain an effective workforce
>> parts of HRM
-recruitment and selection
- skills training and orientation
Answer: -Job analysis
>> Two perspectives of HRM
2. tight control of labour costs combined with close supervision of workers create
profitability
Answer: 1. competitive advantage depends on happy and committed
workplace
>> human capital
- adds economic value
Answer: Employee's talents, training, experience, judgement, and intellect
>> return on investment
, Answer: human capital grows within the organization and creates profits
and return on the investment from the employer
>> Unatarist perspective
- HRM decisions reflect the best way to achieve common goal
Answer: workers and employees have common interest
>> Pluralist view
- distribution of profit and control of the workplace creates conflicts
Answer: conflict between employers and workers is endemic because of the
diverging interests
>> social reproduction
- also for taking care of the elderly
Answer: social construct that women are responsible for bearing, raising,
and educating children.
>> male norms
- job design, safety, management design
- job design assumes that employment is primary task and that social
reproduction will be taken care of by someone else
Answer: many aspects of the industry are suited for men and not women.
>> common law contract
- duties, remuneration, wage rate bargain
Answer: when an employer and an individual employee negotiate a contract
covering pay and conditions
>> Employer common law obligation
2. notice of termination
3. safe worksite
4. vicariously liable