3.3 & 3.4 Human Resources and Financial Management

Which means the same as human resources

• Personnel

• Knowledge

• People

• skills

Which term refers to training and evaluating employees?

• hiring and firing

• employee orientation

• human resources management

• job description

Which term means actively looking for qualified employees?

• background check

• recruitment

• human resources management

• meeting staffing needs

Which is NOT considered compensation?

• Salary

• Company car

• Wage

• Benefits

What is the definition of a wage?

• a fixed amount of pay for each week, month, or year

• extra compensation

• a profit sharing plan

• an amount of money paid on an hourly basis

Which is an evaluation of how well an employee is doing a job?

• job description

• performance appraisal

• reference

• orientation

Which is a form potential employees must complete?

• application

• résumé

• job description

• job listing.

Which of the following is NOT a skill that a business would look for when recruiting?

• Teamwork
• Leadership
• Plagiarism
• Qualifications

Financial management is mainly concerned with

• All aspects of acquiring and utilizing financial resources for firms activities

• Arrangement of funds

• Efficient Management of every business

• Profit maximisation

The primary goal of financial management is

• to maximize the return

• to minimize the risk

• to maximize wealth of owners

• to maximize profit