Business Management Chapter 23 Test Review

Human resources management includes acquiring, developing, & 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 & procedures, management, & operations.

• True

• False

Problems in a company like higher training costs & dissatisfied workers 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 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