IO 1

What is the primary function of Human Resource Management (HRM)?

• Managing the company's financial resources.

• Developing and implementing marketing strategies.

• Ensuring the organization has the right people in the right jobs.

• Overseeing the production process.

Which of the following is NOT a basic function of management?

• Planning

• Organizing

• Staffing

• Marketing

What is the difference between line authority and staff authority?

• Line authority gives managers the right to advise, while staff authority gives managers the right to direct.

• Line authority gives managers the right to direct, while staff authority gives managers the right to advise.

• Line authority is used for financial matters, while staff authority is used for human resource matters.

• There is no difference between line authority and staff authority.

What is the primary role of a line manager in HRM?

• Providing specialized HR support to other departments.

• Developing and implementing HR policies and strategies.

• Directly supervising employees and ensuring their performance meets organizational goals.

• Conducting research and analyzing HR data.

What are "shared services" arrangements in HR?

• A decentralized HR structure where each department has its own HR team.

• A system where HR functions are outsourced to external providers.

• A team of HR professionals who specialize in specific areas like compensation or training.

• A centralized HR unit that provides support to all departments.

What is the term used to describe workers who hold multiple jobs, are temporary or part-time, or work in alternative arrangements?

• Full-time employees

• Permanent staff

• Contractual employees

• Contingent workers

What is the primary concern of employers regarding on-demand workers?

• High cost of employment

• Difficulty in managing their performance

• Lack of benefits

• Lack of agency and control over their work

What is "human capital"?

• The financial resources of an organization

• The physical assets of an organization

• The company's reputation in the market

• The knowledge, skills, and expertise of employees

What is globalization?

• The expansion of a company's operations into new markets abroad.

• The trend of offshoring jobs to lower-cost locations.

• The process of increasing interconnectedness between countries and businesses.

• All of the above

What is "offshoring"?

• Closing down a company's operations in one country and relocating to another.

• Moving a company's operations to a different location within the same country.

• Outsourcing specific tasks to external providers.

• Exporting jobs to lower-cost locations abroad.