Principles of Business - Chapter 7 Review

Human resources management is all activities involved with acquiring, developing, and compensating the people who do the company’s work.

• True

• False

A job specification is the form used to complete a performance appraisal.

• True

• False

In the 360-degree feedback system, reviewer responses are discussed at a round table.

• True

• False

Job layoffs may be temporary or permanent.

• True

• False

Companies use exit interviews to gather feedback about the company’s policies and procedures, management, and operations.

• True

• False

Many problems in a company, such as higher training costs and dissatisfied employees, can be reduced by an effective selection process.

• True

• False

The largest component of OASDI is the payment of retirement benefits.

• True

• False

Employee turnover is the rate at which employees are fired from a company.

• True

• False

Human resources is a department that typically has little contact or interaction with the other departments in a company.

• True

• False

Social Security is a government program that provides supplemental health insurance to people over the age of 65.

• True

• False