Question 1

Brooks is tasked with creating an effective training and development strategy for his employer. How should he begin?

Accepted Answer

Brooks should begin by assessing organizational needs and skills to identify gaps and areas for improvement, which is the foundation for creating an effective training and development strategy. This approach ensures that the strategy is aligned with the organization's goals and addresses its specific needs.

Question 2

JJ works as a benefits consultant at HOU Company. He has been asked to create a presentation that he can share with new employees hired into the company. Which option would be the most appropriate venue for JJ to use for his presentation?

Accepted Answer

During new employee onboarding is the most appropriate venue for JJ to share his presentation about benefits. Onboarding is specifically designed to introduce new employees to the company's policies, benefits, and culture, making it the ideal time for such a presentation.

Question 3

The compliance manager at Tungsten Solutions is frustrated with the increasing number of recent policy violations by new employees. He asks the training director to provide suggestions on how to bridge this gap. What solution would be most appropriate?

Accepted Answer

The answer of The compliance manager at Tungsten Solutions is...

Question 4

Sawyer was recently hired as a junior accountant with 411 Mobile Device Company. He spends his first month training by following the different senior accountants through their day-to-day activities. This form of training is known as

Accepted Answer

Shadowing involves following and observing a professional to understand their day-to-day activities, which is what Sawyer is doing.

Question 5

The leadership team at Ringaling Phone Company believes Ali will make a strong executive in the future. Which training opportunity would best provide Ali with a strong overview of the different functions within the company?

Accepted Answer

A job rotation is the best option for providing Ali with a strong overview of the different functions within the company, as it involves moving an employee through a series of jobs to gain a broad understanding of various positions and how the company operates.

Question 6

New employees at Factor-E Technology spend half of their first day learning about their day-to-day responsibilities and how their performance will be measured. This is an example of something that would be covered in which part of the new employee onboarding process?

Accepted Answer

Learning about day-to-day responsibilities and performance measurement is part of understanding the job routine, which is essential for new employees to know what is expected of them in their roles.

Question 7

Kashton recently graduated from college and started his first position at IMD Company. He has been having some difficulty getting used to being in a professional work environment and is struggling with his role. What would be the best way for Kashton's manager to help get him up to speed?

Accepted Answer

Providing Kashton with a dedicated mentor would offer personalized guidance and support, helping him adjust to the professional environment and understand his role more effectively.

Question 8

Dakota is being groomed for an operations management position with Epyc Company. The senior leadership team wants to ensure he has a solid understanding of the various functions within the company. Which option would best prepare Dakota for his new role?

Accepted Answer

An internal job rotation would best prepare Dakota as it allows him to gain hands-on experience and understanding of various functions within the company, which is crucial for an operations management role.

Question 9

A company that calculates employees' pay based on their work results is following the ________ compensation philosophy.

Accepted Answer

Pay for performance is the compensation philosophy where employees' pay is based on their work results, directly linking compensation to performance levels.

Question 10

Sales professionals at Wolf Media Solutions are paid a base salary on a bi-weekly basis. They also receive a separate paycheck each January. This paycheck is calculated as a percentage of company earnings made from any sales they made during the year. This payment is known as

Accepted Answer

Sales commissions are payments made to sales professionals based on the sales they generate, typically calculated as a percentage of the sales revenue.

Question 11

Employment at will means that an employer can ________ an employee for any reason at all.

Accepted Answer

Employment at will means that an employer can terminate or dismiss an employee for any reason, as long as it is not illegal, and without having to establish "just cause."

Question 12

Levi manages the assembly line for an air conditioner manufacturer. As winter approaches, orders for new air conditioners begin to taper off meaning less work for his team. How could he best manage the need for reduced staffing knowing that production will pick up again in the spring?

Accepted Answer

The answer of Levi manages the assembly line for an...

Question 13

Dallas has been stealing from his employer and the HR representative is meeting with Dallas' manager to determine an appropriate course of action. The best course of action would be to

Accepted Answer

Firing Dallas is the most appropriate course of action because stealing from an employer is a serious offense that typically warrants termination of employment.

Question 14

The IT team at PSL Company is phasing out their mainframe systems. They will no longer need the services of the employees working on the mainframe team. What option best represents how they should proceed with their employees?

Accepted Answer

Downsizing the team means reducing the number of employees on the team, which is the most appropriate option in this case.

Question 15

Abra is not feeling challenged in her role and wants to enhance her experiences. She decides to meet with her supervisor to discuss her feelings. How can the supervisor work to ensure that Abra is challenged and motivated?

Accepted Answer

Helping Abra explore transfer options within the company can provide her with new challenges and opportunities for growth, addressing her need for more engaging work.

Question 16

Which is the best example of a fringe benefit an employer might offer to its employees?

Accepted Answer

Fringe benefits are additional compensation provided to employees beyond their regular salary. A pension plan is a common fringe benefit that offers retirement income to employees.

Question 17

The senior leadership team at Veeser Company is meeting to discuss how to raise the company's stock. They want to provide motivation to employees that is tied to this initiative. What is their best option?

Accepted Answer

Providing stock options directly ties employees' rewards to the company's stock performance, motivating them to contribute to raising the stock value.

Question 18

Employees at Wolf Metals receive a small payment based on their attendance record for the year. The amount varies in proportion to their actual attendance in comparison to other employees and the total profits Wolf Metals made for the year. Wolf Metals is using a ________ plan for its employees.

Accepted Answer

The description matches a profit-sharing plan, where employees receive a portion of the company's profits based on certain criteria, such as attendance in this case.

Question 19

Estrella is part of team that managed a successful product launch for her employer. Her employer awards each member of the team with a cash payment at the end of the year to thank them for their hard work. The payment can best be classified as

Accepted Answer

The payment is best classified as a bonus because it is a one-time cash payment given to employees (in this case, for their hard work on a successful product launch), which fits the definition of a bonus. Profit sharing, gainsharing, performance options, and incentive commissions are different forms of compensation with specific criteria that do not match the scenario described.

Question 20

What incentive could a company use to improve employee productivity?

Accepted Answer

Stock options give employees a potential share in the growth of the company's value, which can motivate them to work harder to increase the company's success and, consequently, the value of their stock options.

Quiz 8: Securities, Investments, and Financial Literacy