Exam 16: Building a Team and Management Succession

The key to using rewards to motivate employees involves tailoring them to the needs and characteristics of the workers.

A major advantage of family businesses is that there is always a guaranteed successor within the family whenever the owner decides to step down.

In job enrichment,________ is the degree to which a job gives a worker the freedom,independence,and discretion in planning and performing tasks.

Small business owners should take the time to check every candidate's references.

List at least ten of the seventeen behaviors that effective leaders exhibit.

Which of the following types of questions should a business owner ask a candidate in a job interview?

Once a business owner transfers power and control to her successor,she should not hesitate to step back into the business to fix problems when they occur.

The preparation of a successor is a two-way process,showing the direction of the business and what led to its success,but also learning and listening.

The type of job design that adds more tasks to a job to broaden its scope is known as:

The classic auto assembly line is based on which job design principle?

A(n)________ is the most basic type of trust,which allows a business owner to put up to $1.3 million into trust,naming his spouse as the beneficiary upon his death.The spouse receives the income from the trust throughout her life,but the principal in the trust goes to the couple's heirs free of estate taxes upon the spouse's death.

For management succession to be successful,the process should start early in the successor's life.

In a grantor-retained annuity trust (GRAT):

Has Wallace waited too long to begin searching for employees?

What would be the most effective way to recruit personnel for this type of business?

Leadership deals with doing things right; management deals with doing the right things.

In job enrichment,________ is the degree to which a job substantially influences the lives or work of others employees or final customers.

The ________ design strategy adds more tasks to a job to broaden its scope.

The job specification outlines the duties and responsibilities of a job and its working conditions while the job description outlines the characteristics skills,education,experience a person needs to fill a job.

Interviewers should avoid asking job candidates questions based on hypothetical on-the-job scenarios and how the candidate would handle them because the Equal Employment Opportunity Commission considers such questions to be illegal.