Human resources management

This is the management process that consists of all the activities involved in acquiring, developing, and compensating the people who do the work of the small business.

• Organizational Management

• Industrial Management

• Human Resources Management

• Authority Management

During the initial startup of the new business venture, who will be responsible for the human resources management function of the new business?

• the entrepreneur

• the accountant

• the personnel department

• the venture capitalists

What can happen if the employees of the new business are unhappy and unmotivated?

• The business could make more money.

• The business could lose money and fail.

• The business could make customers happy.

• The business could borrow more money.

Recruiting staff is a function performed either in-house (within the organisation) or outsourced to a recruitment agency.

• True

• False

Some companies are reducing their costs by contracting with outside companies to perform some human resources tasks.

• True
• False

A performance review is the process of assessing how well a company is doing financially.

• True
• False

Pays employees a small percentage of the company's profits at the end of the year

• bonus
• commission
• piece-rate
• profit sharing

Help employees prepare for changes in the organization and changes in their own career.

• Self-development

• Human resources personnel

• Work Prcess

• Career development

Giving employees the authority to make meaningful decisions about their work is known as

• job design

• job enlargement

• job enrichment

• cross training

What is the process of recruitment?