BUSM1640 Exam #4-Chapters 17 & 18

What are 5 perks that you would offer to your employees? Why did you choose the perks you did? (EXTENDED RESPONSE)

(MY ANSWER): The first perk that I would offer to my employees would be giving time off and having flexible scheduling. I think this is important because everyone has things that happen in their lives, and we all need to do other things besides our job. I think this will also help me build a strong connection with my employees. Another perk that I would offer my employees is letting them buy excess inventory at a big discount. We may have more than we need here and there, and I think it would be nice to offer some materials and products to employees at a discounted price. Another perk that I would give is featuring special days such as buying lunch for everyone that day or providing waters and ice cream on really hot workdays. A fourth perk that I would offer is free carwashes to the employees working that day, they are welcomed to use our materials and supplies to wash their own vehicles after or before their scheduled work time. Finally, the fifth perk that I would offer my employees is after-work parties, I think this is a great way to build a good connection with everyone and allows all employees to feel welcome to my business.

Assume you are hiring your first employee. What are three behavioral based interview questions that you would ask him or her during an interview? Please state the title of the job and what functions/duties he/she would be responsible for. (EXTENDED RESPONSE)

(MY ANSWER): The job in which a future employee is applying for is an automotive detailer. The functions and duties this job requires are to clean and wax the exterior of each vehicle, including door jams, wheels, and wheel wells, in full detail clean the interior of vehicles with proper cleaning supplies and clean all windows properly inside and out. The three behavioral-based questions that I would ask an employee are "Give me an example of a time you faced a conflict while working on a team. How did you handle that?", "Give me an example of a time when you did not meet a client's expectation. What happened, and how did you attempt to rectify the situation?", and finally "Tell me about a time you failed. How did you deal with the situation?". I feel all these questions pertain to my business and will help give me a sense as to what kind of person they are and what they might be capable of.

What are the three characteristics that a person must display in order to be recognized as an independent contractor by the IRS? Define what each characteristic means. (EXTENDED RESPONSE)

(MY ANSWER): Three characteristics that the IRS requires an independent contractor to display are behavioral, financial, and relational. Behavioral is when the contractor solely decides how the work needs to be done. Financial is when the contractor pays for his/her own expenses directly rather than having the employer pay them. Relational is when the contractor is employed for a project or a distinct term and the services the contractor provides are not central to the operation of the business.

According to the Family and Medical Leave Act, employers must give employees how many weeks of leave either paid or unpaid, without loss of position, seniority, or benefits, for a qualifying condition or event.

12

The text discusses five factors the most employees find to be valuable. According to that list, which of the following is a reason that employees leave a company?

Being denied professional development and learning opportunities to expand their job Responsibility

Which of below is an off-the-job training method?

Conferences

Which of below job description sections lists the level of education that is required to complete a job?

Credentials and experience

Which of the below federal employment laws requires the payment of same wages to males and females for work requiring equal skill, effort, and responsibility in similar working conditions?

Fair Labor Standards Act

Which of the following items would be classified as a factor of an employee's autonomy and growth?

Increasing responsibilities

Which of the below is correct about sole proprietorship?

It is not considered as a legal entity separate from its owner.

Which of the below is an example of employee empowerment?

Letting employees make on-the-spot decisions for the companies' best interest

______ is the amount needed for a person to meet the basic necessities of life from a single job.

Living wage

Which of the following dispute resolution methods is the least expensive and much faster to complete?

Mediation

Betty, the owner of a small salon called Beauty Works, decides to hire assistants for reception, washing hair, and cleaning. Which of the following methods of recruitment is Betty using if she asks her friends and professional contacts to recommend potential employees to her?

Networking

Which of the following refers to a part of a contract in which a person agrees not to open a certain type of business or seek employment doing certain things in a particular area for a period of time?

Noncompete clause

______ refers to the concept that key employees should be able to see and understand a firm's financials that they should have apart in moving the numbers in the right direction, and that they should have a direct stake in the strategy and success of the firm.

Open-book policy

If a small business is not quite ready to hire employees but the work load of the business is growing, the business can choose______

Outsourcing

Which of the below is a trial period during which an employee has temporary status before a formal offer to work full time is offered.

Probationary period

The test discusses three guidelines for training. Which of the below is one of the guidelines?

Training should be thought of as an investment for the business

A document setting forth information about a limited liability company that is filed with the State to establish as LLC is referred to as _______________.

articles of organization

Which of the below describes the match between the needs, expectations, and culture of the small business with the expectations and the skills of the individual employee?

employee fit

Arbitration differs from mediation in that arbitration:

has limited appeal possibilities.

Which of the following is true of the Americans with Disabilities Act?

it requires that employers make reasonable accommodation for limitations of qualified applicant or employee unless to do so creates undue hardship.

Employee referral:

rewards employees for recommending potential candidates that would be a great fit.

When a small business owner evaluates potential employees, he or she...

should design interview questions such that "yes" or "no" answers are not applicable.

Which of the following business forms is not a separate, legal entity.

sole proprietorships