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BUSI 1301 Study Guide - Dry Cleaning, Business Ethics, Investment

77 views7 pages
OC4498494
11 Dec 2022
School
A&M Texarkana, TAMUT
Department
Business
Course
BUSI 1301
Professor

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Document Summary

Guided practice review: the nature of business. Spring 2021: business refers to the individuals and organizations that seek a profit by providing products that satisfy people"s needs, products refer to goods or services with tangible and intangible attributes that provide satisfaction and benefits. They can manage the business themselves or have employees as managers: employees are responsible for the work that goes on within the business. ix. Managers plan, organize, staff, and control the tasks required to carry out the work of the company: management is also concerned with acquiring, developing, and using resources effectively and efficiently in a business. xi. It can help you develop skills and acquire knowledge to prepare you for your future career. xiv. It can help you better understand the many activities necessary to provide goods and services and appreciate the costs associated with these activities. xv. Business activities help create jobs and contribute to the health of local and global economies.

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Related Questions

  1. How can HR professionals demonstrate that they provide value in terms of return on investment for an organization?
  2. How do an organization’s vision, mission, and strategywork together to help organizations survive and thrive, and what is the role recruitment and selection plays in this? Clearly define each of the terms within your answer.
  3. Discuss the impact of demographics and current socioeconomic conditions on organizational recruitment and selection practices for organizations.
  4. Discuss the impact of demographics and current socioeconomic conditions on organizational recruitment and selection practices for organizations.
  5. Can an invalid selection test be reliable? Can an unreliable selection test be valid? Explain, and provide examples of each instance to illustrate.
  6. Compare and contrast content, construct, and criterion related validity strategies? Provide an example of each approach
  7. Define, compare, contrast, and provide examples of fairness and bias as used in the context of HR selection
  8. Would the Canadian Charter of Rights and Freedoms prohibit an employer from putting in place a selection system that favoured women over men in the hiring process? Could such discrimination ever be justified under the Charter?
  9. What are the prohibited grounds of employment discrimination in Alberta, define prohibited grounds of employment discrimination?
  10. What does it mean to accommodate someone to the point of undue hardship?
  11. Why is basing hiring practices on a “gut feeling” risky business?
  12. Why is a job analysis essential to the defence of any selection process or selection system?
  13. What is the relationship of a “position” to a “job” and a “job” to a “job family”?
  14. What are the major differences between a competency-based selection system, and one developed through job analysis?
  15. What is a competency? Defend your answer
  16. If you were limited in selecting employees based on only one of the four types of performance discussed in this chapter, which one would you choose? Why?
  17. Why is it important to understand performance as part of the recruitment and selection process?
  18. Define task performance, contextual performance, adaptive behaviour, and counterproductive behaviour. Discuss the role each of these plays in developing a recruitment and selection system.
  19. List and explain each of the performances defined in Campbell’s performance taxonomy

 

Which of the following statements is true of business ethics?
a. Ethical behavior can not only enhance a company's reputation but can also drive profits.
b. Conducting business in an ethical manner does not influence the financial performance of a company.
c. Social responsibility is directed only toward a company's customers and not its employees.
d. Social responsibility in business is less important than satisfying shareholders.
e. Business ethics is not relevant to nonprofit organizations.

The Fair Credit Billing Act:

a. prohibits discrimination on the basis of race, color, religion, national origin, sex, marital status, age, receipt of public assistance, or good faith exercise of any rights under the Consumer Credit Protection Act

b. requires prompt written acknowledgment of consumer billing complaints and investigation of billing errors by creditors

c. specifies what a collection source may and may not do when pursuing payment of past due accounts

d. protects information collected by consumer reporting agencies such as credit bureaus, medical information companies, and tenant screening services; organizations that provide Information to consumer reporting agencies also have specific legal obligations, including the duty to investigate disputed information