WorksheetsHBM People & Finance Exam Revision
Total questions: 35
Worksheet time: 18mins
___ ______ appraisals aim to gather a wide breadth of opinion on the performance of an individual from their manager, their team members and other colleagues.
(a)
Select the topics you would commonly expect to be discused in your one-to-one appraisal
Your perrformance and progress
Your development needs
Plans for next week's product launch
Your strengths and things you've done well
The Equality Act aims to prevent discrimination. What are depicted in this image? [ (a) characteristics]
What is the purpose of workforce planning?
To ensure the organisation has all vacancies within the organisation full
To ensure the organisation has the correct employees in place at the right time to meet the organisations needs
To ensure the organisation manages and repairs poor working relationships
To ensure people with new ideas are brought in to help enhance the effectiveness of the organisation
Workforce planning involves having a planned approach to which of the following activities:
Analysing current employment trends within the context of organisational needs
Forecasting potential future staffing requirements for all departments within the organisation (considering future expected demand levels)
Forecasting potential labour turnover – i.e. the rate at which staff will leave the organisation
Forecasting potential future supply of workers with the appropriate skills
Which of the following tests can be used within the selection process?
Intelligence test
Medical test
Attainment test
Communication test
What is an appraisal?
A disciplinary procedure
A way to promote the employer
A yearly performance review
A waste of resources
One type of appraisal is
Social
Management
180-degrees
360-degrees
In line with the Equality Act, the business does not have to act if an applicant/employee feels they have been discriminated against.
True
False
The poor quality of selection will mean extra cost on _______ and supervision.
Training
Recruitment
Work quality
. None of the above
Which of the following orders is followed in a typical selection process?
Test and/or interview, application form, reference check and physical examination
Application form, test and/or interview, reference check and physical examination
Reference check, application form, test and/or interview and physical examination
Physical examination, test and/or interview, application form and reference check
Employees are allowed to attend board meetings which motivates employees
Quality Circles
Work Councils
Work Director
Workers are consulted on how to improve quality, gathering quality feedback from front line staff
Quality Circles
Work Councils
Work Director
Groups are made up of employees and management.
Can reduce resistance to change.
Quality Circles
Work Councils
Work Director
Selection method- Analyses natural abilities
Attainment Test
Aptitude Test
IQ Test
Psychometric Test
Selection method- Compares scores of candidates
Attainment Test
Aptitude Test
IQ Test
Psychometric Test
Selection method- Measures intelligence
Attainment Test
Aptitude Test
IQ Test
Psychometric Test
Selection method- Assesses how candidates think
Attainment Test
Aptitude Test
IQ Test
Psychometric Test
Which financial statement would list both GROSS PROFIT and PROFIT FOR THE YEAR?
Cash budget
Statement of financial position
Income statement
Within which financial document forecasts ahead to determine whether or not a business will have a cash surplus or a cash deficit?
Cash budget
Bank statement
Income statement
Statement of financial position
Which would be positive steps in dealing with a cash flow problem?
Sell some non-current assets (e.g vehicles or machinery)
Run a sales promotion to generate more sales revenue
Negotiate with suppliers to increase the length of time within which payments must be made
Offer a small discount to customers to encourage them paying promptly
All of these
The source of finance that a business will use depends upon:
The size of the business
The sector they operate in
How much money the competitors have
The weather
The town they operate in
Retained Profits is an example of:
Internal Finance
External Finance
Unsensible Finance
Long-Term Finance
The quickest source of finance available to a business is:
Retained Profits
Mortgage
Bank Loan
Sale of Assets
The quickest source of finance available to a business is:
Retained Profits
Mortgage
Bank Loan
Sale of Assets
Short-term finance includes:
Bank Overdraft
Trade Credit
Debt Factoring
Mortgage
Bank Load
Debt Factoring is:
Selling invoices to a factoring company.
Factoring the amount of debt you have into your business plan.
Writing off the debt that a business owe you.
Making plans for the future of the business.
A bank loan can be a useful source of finance, because:
It allows the business to plan better
It is paid back with interest
The payments are usually a fixed amount
When taking out a Mortgage the business may buy...
Property
Company Cars
Vans
Land
Machinery
Venture Capitalists can help a business if:
They want a low interest loan
Their credit rating is low
They are a multinational
They operate in the public sector
What is meant by Revenue?
The money the business receives through selling
The money the business received from the bank
The tax a business pays on its profits
The name given to the profit the business makes
What is a cash budget?
A forecasting tool
Document prepared to help manage cash flow
A document that can highlight any financial issues
All of the above
Which of the following could be a possible solution to many cash flow issues?
Giving your customers more time to pay debts
Taking out a bank loan to help cover costs
Owners taking more drawings from the business
Define a 'debtor'
People who the organisation owe money to
People who owe the organisation money
Define a 'creditor'
People who owe the organisation money
People whom the organisation owes money
