Human Resources Management for Entrepreneurs

Front

This is the management process that consists of all the activities involved in acquiring, developing, and compensating the people who do the work of the small business.

Back

Human Resources Management

Front

During the initial startup of the new business venture, who will be responsible for the human resources management function of the new business?

Back

the entrepreneur

Front

What can happen if the employees of the new business are unhappy and unmotivated?

Back

The business could lose money and fail.

Front

This is the management function of arranging people, activities, and resources to accomplish the goals of the small business.

Back

Organizing

Front

These are the most important resource of any small business.

Back

employees

Front

As the business grows and expands, who will ultimately determine the success or failure of any small business? Options: retailers, vendors, employees, consultants

Back

employees

Front

When it comes to delegation, which of the following is a FALSE statement? Assigned tasks must be clearly identified so that everyone will know exactly what they are responsible for. There should be no questions about who is responsible for each task. Authority is delegated from the top of the small business to others at lower levels. One person really can do everything if they just work hard enough.

Back

One person really can do everything if they just work hard enough.

Front

This is the right to make decisions about assignments and how they will be accomplished.

Back

Authority

Front

The obligation to accept responsibility for the outcomes of assigned tasks.

Back

Accountability

Front

Means that no employee reports to more than one supervisor at a time or for a particular task.

Back

Unity of Command