Exam 9: The New Venture Team, Small Firm Management, and Managing Human Resources
Exam 1: Entrepreneurs96 Questions
Exam 2: Start-Up and the Need for Competitive Advantage100 Questions
Exam 3: Family Enterprise77 Questions
Exam 4: Franchising and Buyouts108 Questions
Exam 5: Developing an Effective Business Plan81 Questions
Exam 6: Small Business Marketing, Product, and Pricing Strategies111 Questions
Exam 7: Distribution and Promotional Strategies113 Questions
Exam 8: Global Marketing54 Questions
Exam 9: The New Venture Team, Small Firm Management, and Managing Human Resources119 Questions
Exam 10: Form of Organization and Legal Issues71 Questions
Exam 11: Selecting a Location and Planning the Facilities78 Questions
Exam 12: Operations Management and Control Systems116 Questions
Exam 13: Understanding Financial Statements and Forecasting96 Questions
Exam 14: Sources of Financing90 Questions
Exam 15: Managing Growing Firms and Exit Strategies56 Questions
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What are the weaknesses of interviewing? How can interviewing be used effectively?
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(Essay)
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Correct Answer:
One of the major weaknesses of the interviewing process is that unskilled interviewers may think they are infallible judges of human nature.Interviewers must also be careful to avoid questions that conflict with the law.Interviewing can be made more effective by following guidelines that have been found to facilitate the process:
•Decide on questions to ask before starting the interview.
•Conduct the interview in a quiet atmosphere.
•Give your entire attention to the applicant.
•Put the applicant at ease.
•Don't argue.
•Keep the conversation at the applicant's level.
•Listen attentively.
•Look for qualities that are important to the job.
•Try to avoid being affected by the applicant's trivial mannerisms or features.
Management functions are planning,leading,organizing,and controlling.
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(True/False)
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Correct Answer:
True
Poor interviewing processes can cause high employee turnover.
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(True/False)
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True
The contractor is responsible for remitting his or her own taxes,CPP,and (if applicable)EI deductions to Canada Revenue Agency.
(True/False)
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Most entrepreneurs are not trained or educated in business methods.
(True/False)
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Why is contracting employees a good alternative for small businesses?
(Multiple Choice)
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Four employees from the Receivables Department are given the task to identify overdue accounts,make collections,and provide the Accounting Manager monthly reports on their progress.The four employees are members of a work team.
(True/False)
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What would cause the owner of a growing business to seriously consider hiring a human resources manager?
(Multiple Choice)
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Job specification is a list of knowledge skills,abilities,or other characteristics needed by a job applicant to perform a specific job.
(True/False)
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In checking employment references,more accurate evaluations are the result of writing to the applicant's previous employers as oppose to contacting them orally.
(True/False)
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A sales commission compensation plan is a type of daywork system.
(True/False)
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Fringe benefits are expensive,ranging from 20 to 40 percent of payroll expense for many small firms.
(True/False)
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Employee stock ownership plans have become popular but still carry many tax disadvantages.
(True/False)
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How do employee relations in a small firm compare with those in a large firm?
(Multiple Choice)
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An operations manager is applying the management process to install a new labelling machine.He is in the planning phase of the process.Which of the following would the manager be working on?
(Multiple Choice)
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It is now illegal for employers to arrange for background investigations of job applicants.
(True/False)
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The fee charged by a private employment agency is normally paid by the applicant.
(True/False)
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Troy,John,and Derek are given the task to clean out a storage facility under the close eye of the supervisor.Troy,John,and Derek are considered to be members of a work team.
(True/False)
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Unions typically concentrate their primary attention on small companies,where their influence is most needed.
(True/False)
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Employee referrals provide a rich source of good applicants for many small firms.
(True/False)
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