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WorksheetsHigher Management of People and Finance
Total questions: 50
Worksheet time: 26mins
When some employees reach the end of their working life's staffing will change due to what?
Retirement
Promotion
Maternity leave
What role in the HRM department involves monitor how other departments and employees are following HR policies and procedures?
Auditor
Consultancy
Service
Facilitator
20 people are leaving a business next year, the business will need to recruit new employees due to this. How has forecasting been used?
Expected changes in working practices
Analysing expected levels of customer demand and sales
Estimating the level of labour turnover
Skills analysis of current workforce
When during the recruitment process would a job analysis be carried out?
After identifying a job vacancy
After preparing a person specification
After preparing a job description
After advertising the job vacancy
Which of the following are disadvantages of internal recruitment?
Can be more expensive to organise recruitment
Existing employees may not have skills/knowledge for job
Promotions means employees are competing against each other and external candidates
They are unknown to the organisation, wrong person may be selected
What term relates to the selection process of removing unsuitable candidates applying for a position?
Redundancy
Termination
Capacity reduction
Short listing
An advantage of external recruitment is...
Larger pool of candidates to select from
Vacancies can be filled quicker
Employees are motivated and feel valued
Business can save money on advertising
Assessing an applications personality using this type of test show if they are suitable for the job.
Psychometric tests
Medical tests
Specific ability tests
Attainment tests
If an individual is successful during selection process they are given an offer of appointment
False
True
Going to a local college for training is what type of training?
Induction training
On-the-job training
Off-the-job training
Having a tour of staff facilities is involved in which type of training?
Induction training
On-the-job training
Off-the-job training
What training involves using acted out situations such as dealing with a difficult customer?
Distance learning
Visual learning facilities
Role play
Coaching
Which of the following are the costs of providing staff training?
Staff are better prepared to embrace change
Training a large workforce is expensive
Employees may seek higher-paid positions elsewhere after training
Output may be reduced during training
A trainee being taken step by step through a task by a trained until mastering a task involves what training method?
Coaching
Job rotation
Role play
Distance learning
What is the benefit to the workforce of receiving staff development (CPD)?
Business can deliver high quality goods/services
Will help business to achieve its aims
Improves motivation to work for business
Will become highly knowledgeable and skilled
Which of the following are business benefits of motivating staff?
Increased productivity
Increased labour turnover
Reduced absenteeism
Better quality output with less waste
The need to realise your own potential for continual self development is which level of Maslow's Hierarchy of Needs?
Basic needs
Social needs
Status needs
Self-actualisation
A business providing job security involves Maslow's Hierarchy of needs to motivate employees at what level?
Basic needs
Safety needs
Status needs
Self-actualisation
Hygiene factors and motivational factors are a part of which theory of motivation?
Profit sharing
Maslow's Hierarchy of Needs
McGregor's Theory X and Theory Y
Hertzberg's Theory of Motivation
What does McGregor's Theory X assume about workers?
Will work hard for both financial and non financial rewards
Workers have no initiative or ambition
Must be supervised at all times and forced to work
Enjoy working
Which of the following is a motivational factor?
Job security
Working conditions
Gaining recognition
Wages
In Brenda's Bakery employees are motivated to work additional hours as they get time and a half. Which financial method has been used?
Overtime payments
Remuneration packages
Share ownership
Commission
Which motivational financial method does a business use if each item an employee produces is directly linked to their payments?
Piece rate payments
Overtime payments
Share ownership
Profit sharing
This non financial method of motivation involves increasing the number of tasks to provide challenge within a job.
Delegation
Job enrichment
Quality circles
Works councils
This non financial method of motivation involves a group of workers meeting regularly with their line manager to solve work problems.
Quality circles
Job enrichment
Job rotation
Delegation
This leadership style tells employees what to do and how to do it with feedback not encouraged
Autocratic
Democratic
Laissez-Faire
A task requiring creative thinking that would benefit from more employee participation should use which leadership style?
Autocratic
Democratic
Laissez-Faire
For a highly skilled and experiences workforce which leadership approach requiring less direction and supervision would be most beneficial?
Democratic
Autocratic
Laissez-Faire
Appraisals allow staff to discuss with their line manager how well they are performing and how to improve and progress in the business.
True
False
What type of appraisal is used if a review is carried out by a colleague in a similar position rather than a line manager?
One-to-one
360 degree
Peer-to-peer
Results based
Which of the following is a disadvantage of using appraisals?
Can increase motivation
Development needs can be identified
Opportunity to receive feedback from line manager
Too many development needs can cause stress
Which is not a protected characteristic under the Equality Act?
Religion
Intelligence
Disability
Race
Which act means employees must not behave in a way which causes danger to themselves or others at work?
The National Minimum and Living Wage Regulations
Equality Act 2010
The Health and Safety at Work Act 1974
Data Protection Act
Under the Health and Safety at Work Act 1974 who is responsible for safety?
Responsibility of the employee
Responsibility of the employer
Responsibility of the employee and employer
Refusal to enter the workplace involves which industrial action method?
Boycott
Sit in
Go slow
Strike
Refusing to carry out a new duty/use new equipment involves which industrial action method?
Boycott
Strike
Sit in
Go slow
Grievances are disputes between an employee and their employer/line manager. Who initiates a grievance?
Management
Employees
Members of the public
What is permanently reducing the workforce in a business known as?
Absenteeism
Downsizing
Dismissal
Retirement
What would HR use to store personal employee data?
Databases
E-diary
Video Conferencing
PowerPoint
Which of the following is an example of a cost of computerising the work of department?
Possible data loss or corruption
Reduction in staffing costs
Competitive edge
Facilitates home working
Which of the following is a short term source of finance?
Crowdfunding
Leasing
Hire purchase
Bank overdraft
Venture Capital can be taken as _______ sources of finance?
Short-term
Medium-term
Long-term
Which is an advantage for a business of using a bank overdraft?
Can be arranged quickly
Available for large sums of money
Low rate of daily interest
In a cash budget what is the money that the business had at the start of the time period called?
Add income
Less expenses
Total expenses
Opening balance
Which of the following is a method of addressing cash flow problems?
Taking on large loans with high rates of interest
Increasing business expenses
Tying up too much cash in inventory
Sell assets no longer needed to generate income
What do lenders ask for as a guarantee that a loan will be repaid?
Interest
Collateral
Referrences
Their word
Which of these would be considered to be a current asset by a business?
Money owed by debtors
Business premises
Delivery vans
Equipment
The cost of purchasing goods from a supplier or cash and carry is called what in an income statement?
Sales revenue
Cost of sales
Gross profit
Expenses
Which of the following is a purpose of ratio analysis?
Measuring the human element of a business
Taking external factors into account
Identifying issues that can be resolved
What does EFTPOS stand for?
Electronic finance tracker point of sale
Electronic funds tracker points of sale
Electronic funds transfer point of sale
Electronic finance tracker points of sale
