BUS 110 Exam 3 Review Questions and answers with accurate rationales(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
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
