C232 Human Resource Management Practice Questions - Set 1 - Part 2

Correct Answer: The number and types of employees needed to achieve strategic objectives.

Demand in HRM refers to the projected human capital requirements necessary to fulfill the organization’s strategic goals and objectives.

Correct Answer: The number and types of employees available to fill job openings.

Supply refers to the pool of candidates that can be considered for employment, highlighting the availability of human resources in the market.

Correct Answer: A retirement plan that guarantees a specific monthly benefit upon retirement.

A defined benefit plan provides employees with predetermined pension benefits based on their salary and years of service, ensuring financial security in retirement.

Correct Answer: A retirement plan where the employer pays a specific contribution amount.

Defined contribution plans involve the employer making regular contributions to an employee's retirement account, with the ultimate benefit based on the account’s investment performance.

Correct Answer: A group decision-making method that collates expert judgments.

The Delphi Technique involves gathering insights and forecasts from a panel of experts through multiple rounds of questioning, helping to reach a consensus on complex issues.

Correct Answer: Theories evaluating actions based on adherence to rules and principles.

Deontological theories assert that the morality of an action is determined by its conformity to established rules or duties, regardless of the outcomes.

Correct Answer: Understanding current workforce inventory and future needs.

Developing data is the first phase of HR planning that entails analyzing the current workforce and projecting future staffing needs to align with organizational goals.

Correct Answer: Actions that prepare employees for future roles.

Employee development focuses on providing individuals with the knowledge and skills necessary for advancement and readiness for future job opportunities within the organization.

Correct Answer: Money paid directly to employees for their work.

Direct compensation refers to the cash payments made to employees, including salaries, wages, bonuses, and commissions for their contributions to the organization.

Correct Answer: Physical or mental impairments that substantially limit major life activities.

The ADA defines disability broadly to include any physical or mental condition that significantly restricts an individual’s ability to perform major life activities, ensuring protections under the law.

Correct Answer: The correlation between test scores and performance in real-world settings.

Empirical validity assesses how well test results predict actual job performance, indicating the test's effectiveness as a selection tool.

Correct Answer: Additional compensations provided by the employer, such as insurance and retirement plans.

Employee benefits encompass a variety of non-wage compensations, including health insurance, retirement plans, and paid leave, enhancing the overall compensation package.

Correct Answer: Programs that reward employees for referring candidates to job openings.

Employee referral programs incentivize current employees to recommend qualified candidates for open positions, often resulting in faster hiring and improved employee retention.

Correct Answer: A federal law that sets minimum standards for pension plans in the private sector.

ERISA establishes guidelines for pension and health plans to protect the interests of employee beneficiaries, ensuring that funds are managed responsibly.

Correct Answer: Employees may leave or be terminated for any reason at any time.

Employment at-will is a legal doctrine allowing either the employer or employee to terminate the employment relationship without cause or prior notice, unless otherwise specified in a contract.

Correct Answer: An agency responsible for enforcing federal anti-discrimination laws.

The EEOC is tasked with enforcing laws against workplace discrimination, investigating complaints, and ensuring compliance with federal equal employment opportunity laws.

Correct Answer: Equal pay for men and women who perform similar work.

The Equal Pay Act mandates that employees in the same workplace receive equal pay for equal work, addressing wage disparities based on gender.

Correct Answer: The fundamental duties of a position.

Essential functions refer to the core responsibilities of a job that are necessary for successful performance, distinguishing them from marginal or ancillary tasks.

Correct Answer: The elements outside of the organization that affect operations.

The external environment encompasses all external factors, including economic, social, legal, and technological influences, that impact an organization’s HR practices and strategic decisions.

Correct Answer: Minimum wage and overtime pay standards.

The FLSA set forth standards for minimum wage and overtime pay, establishing protections for workers and aiming to eliminate abuses of child labor.