IB Business Management HRM Review

Which of the following is an external factor that impacts the Human Resource Plan?

• Change in business strategy
• Change in labor relations
• Changes in business finance
• Changes in education

There are four parts to the HR plan, which follow an individual's career path as the employee progresses in the business.  Which of the following is NOT a part of the HR (workforce) plan:

• Appraisal
• Paid time-off
• Recruitment
• Redundancy (lay-off)

______________ may happen when a business no longer has any work for an employee, caused by factors such as a recession or relocation of the business.

• Dismissal
• Termination
• Retirement
• Redundancy

_____________ occurs when a business cuts back on operations to focus on its core activities.  This way does not need to employ as many workers.

• Downshifting
• Job Share
• Outsourcing
• Teleworking

This measures an employee's performance according to set standards.  It is usually conducted at the end of a project, contract or specific goal.

• Self-appraisal
• Summative
• Formative
• 360-degree

With this method of appraisal, individual employees reflect on their own performance.

• Formative
• Upward appraisal
• Summative
• Self-appraisal

This training is not focused on a particular aspect of the business.  It helps employees develop thinking and processing skills.

• Cognitive training
• Behavioral training
• On-the-job training
• Induction

When a business takes advantage of the huge wage difference between workers doing the same job but in a different area of the world.

• Teleworking
• Offshoring
• Homeworking
• Downshifting

A low labour turnover rate may indicate stable business but can be bad for a business because this stability can lead to complacency and lack of progress.

• True

• False

________________ is the movement of employees in and out of a business over a given period of time

• Unemployment

• Downshifting

• Labour Turnover

• Redundancy