Changing the Workforce

In medium-large companies, there is a department devoted to what?

• Marketing

• Sales

• Human Resources

• Finance

Who handles HR duties in small companies?

• The owner

• A dedicated HR manager

• An external agency

• The finance department.

What is one of the main responsibilities of HR departments?

• Ensuring employees are productive

• Managing company finances

• Developing marketing strategies

• Designing products.

Which step involves contacting references in the application process?

• First

• Second

• Third

• Fourth

What is the definition of compensation?

• Direct payment of money to an employee

• Amount of money paid to an employee

• Compensation in forms other than wages

• None of the above.

Which of the following is an example of a benefit?

• Salary

• Wages

• Insurance

• None of the above.

Which of the following is a characteristic of time wages?

• Pays employee a specific amount per hour.

• Pays employee a specific amount each week.

• Compensation is tied to performance.

• None of the above.

What percentage of the salary is typically made up by the cost of insurance?

• 10%

• 20%

• 30%

• 40%

Which of the following is a benefit specifically for full-time employees?

• Medicare

• Social Security

• Life Insurance

• Overtime

Fill in the blank: A promotion involves the advancement of an employee to a position with more _________.

• Salary

• Responsibility

• Benefits

• Vacation time