HFT 2220 Final Exam Questions and
Answers
coercive power - ANSWER-ability to control punishments
Maslow's Hierarchy of Needs (5) - ANSWER-1.self-actualization
2.esteem
3.belonging
4.safety
5.physiological
McClelland's Acquired Needs - ANSWER-1. achievement
2.affiliation
3. power
expectancy theory - ANSWER-effort...performance...outcome 1/2/3
equity theory - ANSWER-people make evaluations about the fairness of their inputs
and outputs ex. input: education; output: compensation
big 5 model - ANSWER-Conscientiousness - Careful, dependable, self-disciplined
Agreeableness - Courteous, good-natured, empathetic, caring
Neuroticism - Anxious, hostile, depressed
Openness to experience - Sensitive, flexible, creative, curious
Extroversion - Outgoing, talkative, sociable, assertive
Myers-Briggs - ANSWER-Extroversion - Introversion
Intuitive - Sensing
Thinking- Feeling
Judging - Perceiving
Locus of Control - ANSWER-Extent to which a person feels he/she is able to control
his/her on life
Machiavellianism - ANSWER-capable of lying to achieve personal goals
Self-Efficiacy - ANSWER-The belief that you are capable of completing a task /
attaining a goal successfully.
Self-serving bias - ANSWER-we attribute good results to our efforts and failures to
the external environment
fundamental attribution error - ANSWER-tendency to see a person and not the
situation
, leadership - ANSWER-promotes change...It is transformational in nature
management - ANSWER-stresses the administration aspect....how to promote
stability and smooth running of an organization
transformational leaders - ANSWER-"agents of change; they create, communicate,
and model a shared vision and inspire followers to strive for that vision"
characteristics of transformational leaders - ANSWER-Intellectual Stimulation
Idealized Influence
Charisma
Individualized Consideration
Hersey and Blanchard's Situational Model (readiness) - ANSWER-Telling - good for
low readiness
Selling - low to moderate
Participating - moderate to high
Delegating - high
Stages of Group Development - ANSWER--forming
-storming
-norming
-performing
-adjourning
compensation is important... - ANSWER-1. It motivates behavior
2. It directs people towards business goals
3. Supports overall HR strategy and business strategy
4. It ensures market competitiveness and/or cost control
over-time pay - ANSWER-beyond 40 hrs a week; 1.5x normal hourly wage
fair labor standards act (FLSA) - ANSWER--Applies to employers with at least
$500,000 / year of revenue
-Regulates minimum wage
-Discourages child labor
-Regulates over-time pay (1.5 X wage; over 40 hrs / week)
-Enforced by the Department of Labor
Categories of Exempt - ANSWER-1. executive
2. administrative
3. professional
4. outside sales
5. highly compensated individual
6. computer worker
Defined Benefit Plan - ANSWER-Traditional retirement plans. There is a guaranteed
benefit at the time of retirement (i.e. 70% of annual pay)
Defined Contribution Plan - ANSWER-401(k), 403(b), profit-sharing
Answers
coercive power - ANSWER-ability to control punishments
Maslow's Hierarchy of Needs (5) - ANSWER-1.self-actualization
2.esteem
3.belonging
4.safety
5.physiological
McClelland's Acquired Needs - ANSWER-1. achievement
2.affiliation
3. power
expectancy theory - ANSWER-effort...performance...outcome 1/2/3
equity theory - ANSWER-people make evaluations about the fairness of their inputs
and outputs ex. input: education; output: compensation
big 5 model - ANSWER-Conscientiousness - Careful, dependable, self-disciplined
Agreeableness - Courteous, good-natured, empathetic, caring
Neuroticism - Anxious, hostile, depressed
Openness to experience - Sensitive, flexible, creative, curious
Extroversion - Outgoing, talkative, sociable, assertive
Myers-Briggs - ANSWER-Extroversion - Introversion
Intuitive - Sensing
Thinking- Feeling
Judging - Perceiving
Locus of Control - ANSWER-Extent to which a person feels he/she is able to control
his/her on life
Machiavellianism - ANSWER-capable of lying to achieve personal goals
Self-Efficiacy - ANSWER-The belief that you are capable of completing a task /
attaining a goal successfully.
Self-serving bias - ANSWER-we attribute good results to our efforts and failures to
the external environment
fundamental attribution error - ANSWER-tendency to see a person and not the
situation
, leadership - ANSWER-promotes change...It is transformational in nature
management - ANSWER-stresses the administration aspect....how to promote
stability and smooth running of an organization
transformational leaders - ANSWER-"agents of change; they create, communicate,
and model a shared vision and inspire followers to strive for that vision"
characteristics of transformational leaders - ANSWER-Intellectual Stimulation
Idealized Influence
Charisma
Individualized Consideration
Hersey and Blanchard's Situational Model (readiness) - ANSWER-Telling - good for
low readiness
Selling - low to moderate
Participating - moderate to high
Delegating - high
Stages of Group Development - ANSWER--forming
-storming
-norming
-performing
-adjourning
compensation is important... - ANSWER-1. It motivates behavior
2. It directs people towards business goals
3. Supports overall HR strategy and business strategy
4. It ensures market competitiveness and/or cost control
over-time pay - ANSWER-beyond 40 hrs a week; 1.5x normal hourly wage
fair labor standards act (FLSA) - ANSWER--Applies to employers with at least
$500,000 / year of revenue
-Regulates minimum wage
-Discourages child labor
-Regulates over-time pay (1.5 X wage; over 40 hrs / week)
-Enforced by the Department of Labor
Categories of Exempt - ANSWER-1. executive
2. administrative
3. professional
4. outside sales
5. highly compensated individual
6. computer worker
Defined Benefit Plan - ANSWER-Traditional retirement plans. There is a guaranteed
benefit at the time of retirement (i.e. 70% of annual pay)
Defined Contribution Plan - ANSWER-401(k), 403(b), profit-sharing
