Unit 5 Summative Prep

Which of the following best describes the business operation activities involved in human resource management?

• Financial planning and budgeting

• Recruiting, hiring, and training employees

• Marketing and advertising products

• Research and development of new technologies

How do human resource management activities impact successful business operations?

• They have no impact on business operations

• They help reduce costs and increase efficiency

• They only affect employee morale

• They are only relevant for large businesses

What is the nature of the human resource management function in a business?

• It is focused solely on employee training

• It involves managing all aspects of employee relations

• It is concerned with marketing strategies

• It is only relevant for businesses with fewer than 10 employees

What is a key activity of human resource management?

• Developing new products

• Managing financial investments

• Setting organizational goals

• Recruiting and hiring employees

Why is human resource management important to business success?

• It has no impact on business success

• It helps improve employee morale and productivity

• It only benefits the top management

• It is a legal requirement

What are key human resource issues in today's economy?

• Managing a budget

• Globalization and diversity

• Climate change

• Political instability

What is human resource planning?

• Planning employee vacations

• Forecasting future workforce needs

• Planning company events

• Setting employee performance goals

What are core human resources responsibilities?

• Managing finances

• Overseeing marketing campaigns

• Ensuring legal compliance

• Developing new products

What is the impact of effective business management on organizations?

• Decreased productivity

• Increased profitability and growth

• High employee turnover

• Increased legal issues

What are the organizational, social, and ethical impacts of effective business management?

• Increased profits and customer satisfaction

• Decreased employee morale

• Environmental degradation

• Increased competition