Exam 18: Managing Human Resources in Entrepreneurial Firms

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Which of the following provides upper management with information for making long-term decisions and developing strategies?

(Multiple Choice)
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Charles Brown owns a small business with 60 employees.Currently his business does not have a retirement plan.He wants an easy method of offering retirement benefits to his employees.Which of the following would most likely be Charles' best option?

(Multiple Choice)
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Appropriately compensating employees is difficult for small businesses because of the lack of access to salary surveys.

(True/False)
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What risks are faced by most small business owners regarding laws,litigation,and safety? What government tools are available to assist small businesses with these risks?

(Essay)
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In order to recruit top-quality employees,the majority of small businesses offer retirement benefits.

(True/False)
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Which of the following terms refers to people who create businesses under risky conditions?

(Multiple Choice)
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According to research,a small business owner's familiarity with employees leads to greater ________.

(Multiple Choice)
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Online employee testing and training programs are frequently used by small businesses because such tools save both time and money.

(True/False)
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Which of the following is NOT one of the primary reasons that small businesses use PEOs?

(Multiple Choice)
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The Wonderlic Personnel Test is used by small businesses to measure an applicant's ________.

(Multiple Choice)
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A management information system helps managers make effective decisions by ________.

(Multiple Choice)
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Small businesses typically do not provide employee training that emphasizes long-term management skills because of concerns regarding employee turnover.

(True/False)
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Approximately what percentage of small firms offers retirement benefits to employees?

(Multiple Choice)
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Research indicates that entrepreneurs tend to need control as well as applause.

(True/False)
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Which of the following makes it possible for employees to self-enroll in a firm's benefits program through a secure Internet site?

(Multiple Choice)
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Which of the following terms refers to an outside vendor that manages HR functions for small businesses?

(Multiple Choice)
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David owns a small architecture firm with 75 employees.He wants to use a PEO to handle his firm's HR activities.David is in the process of investigating Assure Group,a PEO. -Which of the following questions is LEAST relevant to David's decision regarding whether or not to hire Assure?

(Multiple Choice)
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What work-life benefits are offered by small firms that are not available with large firms? If given a choice,would you rather work for a small or a large firm? Use specific details to support your argument.

(Essay)
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Which of the following is a common characteristic of HR at most small businesses?

(Multiple Choice)
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The Wonderlic Personnel Test measures personality traits and behaviors,while the Predictive Index measures general mental ability.

(True/False)
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