Busniess experience Exam #2
Terms
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- A ____ involves simple, common, and frequently occurring problems for which solutions have already been determined.
- programmed decision
- A ______ decision involves a complex and unique problem or opportunity with important consequences for the organization.
- nonprogrammed
- What are three leadership styles?
- Autocratic, Democratic, and Free-rain.
- ______ is an act of assigning work activities to subordinates.
- Delegation
- The _________ is the number of subordinates a manager supervises.
- span of control
- What is the difference of centralization and decentralization?
- Centralization retains decision making at the top of the management hierarchy while decentralization locates decision makin at lower levels.
- A _______ is a set of relationship that indicates who directs which activities and who reports to whom.
- chain of command
- What do employee recruitment and selection, employee training performance evaluation, employee compensation and benefits, employee seperation, and planning for staffing needs have in common?
- They are all the five element of human resource.
- Why are human resource managers develop staffing plans based on their organization's competitive strategies?
- Human resource planning
-
Identify job requirements
Choose sources of candidates
Review applications and resumes
interview candidates
Conduct employment
conduct follow up interviews
Select a candidate and negotiate an offer - finding qualified candidates
- What is OJT?
- On the job training
- A____________ provides training designed to improve skills and broaden the knowledge of current and potential executives.
- management development program
- A ______ is an evaluation of an employee's job performance by comparing actul result with desired outcomes.
- performance appraisal
- ______ is a compensation based on hourly pay rates?
- wages
- _______ represent compensation calculated periodically, such as weekly or monthly.
- Salaries
- The new york stock exchange is also known as the ________.
- big board
- ____ is the only company to be on the original dow jones list.
- GE
- How many companies does the Dow Jones average?
- 30 companies