Question 1

The rule of thumb is that perks like these should take no more than _____of the annual personnel budget.

Accepted Answer

The rule of thumb is that perks like these should take no more than 3 percent of the annual personnel budget.

Question 2

Which of the following is a management philosophy of selecting and promoting people based solely on their being the most capable person for the job?

Accepted Answer

Meritocracy is a management philosophy that emphasizes selecting and promoting individuals based solely on their ability to perform the job, rather than factors such as connections or favoritism (nepotism). Capitalism and democracy are economic and political systems, respectively, and are not directly related to management philosophy.

Question 3

_____ means having a way for the person who has failed to meet a metric,or made a mistake,or is facing firing to have their side of the story heard.

Accepted Answer

Lines of appeal provide a way for employees who have been found to have failed to meet a metric or made a mistake to appeal the decision, present their side of the story, and potentially avoid or mitigate the consequences of the mistake. This is an important aspect of fairness and due process in the workplace.

Question 4

Making no distinction between sick,vacation,and personal days and allowing employees a set number of days off each year to be used at their discretion

Accepted Answer

By not distinguishing between sick, vacation, and personal days and allowing employees to use a set number of days off at their discretion, it reduces the incentive for employees to take sick days when they are not actually sick. Since they have a set number of days off, they can use them for vacation, personal needs, or when they are genuinely ill. This policy can prevent abuse of sick days and decrease absenteeism in the workplace.

Question 5

)What are perks? List some low-cost perks that a small business can give its employees.

Accepted Answer

The answer of )What are perks? List some low-cost perks...

Question 6

To treat family and nonfamily as similarly as possible,it is important to

Accepted Answer

Creating career ladders for nonfamily members ensures that they have opportunities for advancement and development, just like the family members. This helps to eliminate any perception of favoritism towards family members and creates a more merit-based environment. It also ensures that the organization has a strong base of talented and committed nonfamily employees to support its growth and success.

Question 7

Handy Hardware
Uncle Bob has been running the Handy Hardware Store for a few years now. As the business grew, he had been thinking about getting help. So far he had run the business by himself but now he feels that it might be time to bring other people onboard to help.

-To really understand what he wants the person hired to do,Uncle Bob needs to develop a _____ which defines and discusses all the essential knowledge,skills,and abilities that are needed to fill the position.

Accepted Answer

A job description defines and discusses all the essential knowledge, skills, and abilities that are needed to fill a position.

Question 8

Identify the management philosophy of selecting and promoting people based on family ties.

Accepted Answer

Nepotism is the management philosophy of selecting and promoting people based on family ties. It is an unfair and unethical practice that gives preferences to relatives, without considering their qualifications, abilities, or experience. It often results in inefficient decision-making, conflict of interests, and reduced productivity.

Question 9

Handy Hardware
Uncle Bob has been running the Handy Hardware Store for a few years now. As the business grew, he had been thinking about getting help. So far he had run the business by himself but now he feels that it might be time to bring other people onboard to help.

-Uncle Bob can hire an individual with a probationary period.This probationary period typically lasts

Accepted Answer

A common probationary period for new employees is 90 days. It allows the employer to assess the employee's skills, work ethic, and fit with the company culture before committing to a long-term employment agreement. This time frame also gives the employee enough time to learn about the job and the company's expectations.

Question 10

)What factors are most valuable to employees according to Jill Kickul's research? Explain.

Accepted Answer

The answer of )What factors are most valuable to employees...

Question 11

(p.613 (Small Business Insight - Go Virtual))What are virtual employees? What are some of the guidelines a small business owner should follow in order to manage and foster productivity among virtual employees?

Accepted Answer

The answer of (p.613 (Small Business Insight - Go Virtual))What...

Question 12

Which among the following are the three key components of entrepreneurial leadership?

Accepted Answer

The three key components of entrepreneurial leadership are innovation, operation, and inspiration. Innovation is crucial in order to stay ahead and bring new ideas to the market. Operations are important to ensure that the business runs smoothly and efficiently. Inspiration refers to the ability to motivate and lead others towards a common goal. Choice A includes inspiration and vision, but does not have operation as a key component. Choice B includes innovation and operations, but misses inspiration. Choice D includes vision and opportunities, but doesn't have innovation and operations as key components.

Question 13

Differentiate between on-the-job and off-the-job training methods.

Accepted Answer

The answer of Differentiate between on-the-job and off-the-job training methods....

Question 14

What are the pros and cons of hiring a full-time versus a part-time employee?

Accepted Answer

The answer of What are the pros and cons of...

Question 15

Explain the three training guidelines that a small business owner should follow?

Accepted Answer

The answer of Explain the three training guidelines that a...

Question 16

)What are the steps involved in crafting a job description?

Accepted Answer

The answer of )What are the steps involved in crafting...

Question 17

Handy Hardware
Uncle Bob has been running the Handy Hardware Store for a few years now. As the business grew, he had been thinking about getting help. So far he had run the business by himself but now he feels that it might be time to bring other people onboard to help.

-Which of these is the first step Uncle Bob needs to start with,in crafting a job description?

Accepted Answer

The job title is the first step in crafting a job description as it identifies the position and sets the tone for the rest of the description.

Question 18

Describe how a small business owner can recruit good employees.Identify and explain each method.

Accepted Answer

The answer of Describe how a small business owner can...

Question 19

The term associated with objectively evaluating how well someone is doing their job is called

Accepted Answer

The term commonly used for objectively evaluating job performance is job metrics, which refers to specific measures or indicators that are used to assess the effectiveness and efficiency of individual performance within an organization. Line of appeal, transparent procedures, and job basics may be related to performance evaluations in some way, but they do not refer specifically to the process of measuring job performance.

Question 20

Which of these is NOT a suggested fair personnel policy guideline across family and non-family members?

Accepted Answer

Having clearly differentiated personnel policies for family and non-family members is not a suggested fair personnel policy guideline because family members should be held to the same standards and expectations as non-family members in the workplace. Treating family members differently can create resentment and negatively affect team dynamics. It is important to have consistent policies and expectations for all employees, regardless of their family relationship with the business owner or other employees.

Quiz 19: Human Resource Management: Small Business Considerations

The rule of thumb is that perks like these should take no more than _____of the annual personnel budget.

Which of the following is a management philosophy of selecting and promoting people based solely on their being the most capable person for the job?

_____ means having a way for the person who has failed to meet a metric,or made a mistake,or is facing firing to have their side of the story heard.

Making no distinction between sick,vacation,and personal days and allowing employees a set number of days off each year to be used at their discretion

)What are perks? List some low-cost perks that a small business can give its employees.

To treat family and nonfamily as similarly as possible,it is important to

Identify the management philosophy of selecting and promoting people based on family ties.

)What factors are most valuable to employees according to Jill Kickul's research? Explain.

(p.613 (Small Business Insight - Go Virtual))What are virtual employees? What are some of the guidelines a small business owner should follow in order to manage and foster productivity among virtual employees?

Which among the following are the three key components of entrepreneurial leadership?

Differentiate between on-the-job and off-the-job training methods.

What are the pros and cons of hiring a full-time versus a part-time employee?

Explain the three training guidelines that a small business owner should follow?

)What are the steps involved in crafting a job description?

Describe how a small business owner can recruit good employees.Identify and explain each method.

The term associated with objectively evaluating how well someone is doing their job is called

Which of these is NOT a suggested fair personnel policy guideline across family and non-family members?