Innovation and Entrepreneurship

Which of the following questions are examples of questions that employers may not ask?

1)Age 2)Gender 3)Religion

Title VII of the Civil Rights Act applies to firms with more than _____ employees.

25

Under the __________, businesses with more than 50 employees must provide insurance for their employees.

Affordable Care Act

Which of the following is not considered a benefit but is mandated by law?

Unemployment insurance

Unemployment compensation is financial assistance for some period for people

Who lose their job through no fault of their own.

Business owners should

Write a job ad that sells the job and business honestly.

Which of the following is the first step in the hiring process?

Writing a job description

An important goal when writing a job advertisement is to

Provide potential applicants with important information so that they can evaluate their qualifications for the position.

Negotiations are primarily a(n) _____

art

A _____ is a set amount of compensation for a given time period.

salary

Which of the following is the next step in the hiring process after the job description has been created?

Advertising the position

The __________ Act requires businesses to provide unfettered access to all disabled people.

Americans with Disabilities

An entrepreneurial firm's package of benefits has __________ the compensation it offers to a job candidate.

As much of an impact as

Entrepreneurs should remember to __________ when writing an advertisement for a new hire.

Be concise and oriented toward the basic information needed

Business owners should

Check as many of the candidates' references as possible.

The government

Closely regulates children who work under the age of 16.

_____ theory argues that people judge how they are treated relative to how they see others being treated.

Equity

TRUE/FALSE: Entrepreneurs typically don't have the right to fire employees.

FALSE

Some major cities pay what has been called a _____ wage that is indexed to what someone who works 40 hours per week needs to stay above the poverty line.

Living

Business owners will want to conduct a second interview after checking references to

Make sure that the applicant is right for the firm and the firm is right for the person.

Promoting a drug-free workplace may be made more difficult in states like Colorado or Washington where

Marijuana laws and drug-free workplace programs may conflict.

Commission compensation systems can be abused and

May be a source of frustration for both employees and the employer.

__________ is one of the most expensive costs for any business and the most desired benefits for employees.

Medical care

The Equal Pay Act requires employers

Not to discriminate in pay to men and women who do the same job.

The __________ is charged with protecting the health of workers.

Occupational Safety and Health Administration

A company's compensation system is

Of the highest importance for employees.

Business owners who offer profit sharing

Pay employees a small salary but offer a percentage of the profits that the company earns.

A hybrid compensation system

Pays a salary along with a commission.

A __________ examines an employee's goals and the outcome of those goals over a particular given period.

Performance review.

The _____ process ends when the candidate returns a signed original offer letter.

hiring

A(n) _____ is the amount that a business pays an employee per hour of work performed.

hourly wage

A(n) _____ description describes the skills and capabilities that a candidate should have.

job

An entrepreneur of a retail store looks to hire billing executives. The job requires the executives to greet and interact with a large number of customers every day. In this scenario, which of the following are perfectly acceptable to test the job candidates?

1)A personality test 2)A test on basic mathematics

The business owner should do which of the following to determine which candidates to interview?

1)Directly compare the applications with the job description. 2)Focus first on those candidates who closely match the job description. 3)Immediately reject those candidates who do not have the minimum position requirements.

Which of the following statements are true about the Affordable Care Act?

1)The Act provides tax incentives for small entrepreneurial firms to encourage them to offer health insurance to their employees. 2)One of the biggest beneficiaries of the Act are the entrepreneurs in a business that employs only themselves and their family.

Which of the following questions should be included on a job application?

1)Work history 2)Name, address, and telephone numbers 3)Social security number

TRUE/FALSE: Issues surrounding succession are never a problem in a family run business.

FALSE

The __________ established a minimum wage for workers.

Fair Labor Standards Act (FLSA)

_____ resources are the quantity and quantity of human effort directed toward producing goods and services.

Human

One of the most important differences between a typical entrepreneurial start-up and a family business are issues related to

Human resources due to some of the employees being family members.

The last step in the employee hiring process is

The job offer.

Business owners should provide the interviewee with a realistic preview of the job and company

To set appropriate expectations for the potential employee.

A _____ is payment based on a percentage of sales.

commission

Business owners are guilty of _____ when they base hiring, dismissing, determining the level of pay, or promoting of an employee based on his or her race, color, gender, religious belief, or national origin.

discrimination

Which of the following are elements of human resources?

1)Dealing with difficult employees. 2)Hiring employees. 3)Retaining employees.

Which of the following statements regarding equity theory are correct?

1)Employees judge the fairness of their compensation based on another's in a similar situation. 2)Employees will accept that someone who has been with the company longer may earn more. 3)Employees need a clear understanding of how their compensation compares to peers'.

Which of the following statements regarding changing the commission system as the company grows are correct?

1)Existing salespeople do not like changes to compensation systems that decrease commissions. 2)Business owners need to think about the sales commission long term when creating it. 3)New hires do not think it is fair to be paid a lower commission than older sales staff.

Which of the following statements about the FLSA requirements regarding nonexempt employees are correct?

1)Firms that pay employees on a weekly basis cannot use compensatory time. 2)Compensatory time is not typically allowed from one pay period to the next. 3)Nonexempt employees who work over 40 hours per week must be paid time and a half.

Which of the following describes the roles that human resources management plays in business?

1)Inspiring employees 2)Hiring new employees 3)Managing employees

Which of the following statements about record keeping are correct?

1)The company should keep track of all advertisements that have been run whether a physical publication or on the internet. 2)The company should keep track of records in case someone alleges that the company discriminates in its hiring practices. 3)The company should maintain a record of who responded and the job's criteria.

Which of the following statements regarding the minimum-wage requirements of the Fair Labor Standard Act (FLSA) are correct?

1)The Act does not work on small farms. 2)States may set a minimum wage higher than set by the FLSA. 3)The Act covers virtually all workers.

Identify the key issues that entrepreneurial businesses should consider when trying to retain employees who add value.

1)The means of reviewing the performance of the employees. 2)The compensation and benefits offered to the employees.

Which of the following are likely to affect a small business when an employee becomes a problem?

1)The problem may cause other employees to have problems. 2)The owner loses time dealing with the situation. 3)The organization does not fully benefit from an unhappy employee.

Identify the true statements about workers' compensation laws in the United States.

1)They aim to provide some type of wages to employees who are disabled or injured while on the job. 2)They provide workers' compensation insurance that is regulated by each state.

Which of the following are statements about recruiting companies are correct?

1)They generally provide employers with highly qualified employees. 2)Fees can be a significant portion of the employee's first year's salary. 3)They typically charge the company a fee.

Which of the following should entrepreneurs do to have proper justification for firing employees?

1)They must be diligent in their efforts to assist poorly performing employees. 2)They must develop a paper trail regarding all employees.

Which of the following statements about succession are true?

1)When the parent retires, he or she should let the child run the business on his or her own. 2)Parents often wait too long before creating a formal succession plan. 3)A successor should be selected and the person should be prepared early.

__________ rewards employees based on their performance.

A bonus

Which of the following are low- or no-cost means of advertising a job opening?

1)Word of mouth 2)Trade association 3)College placement office

Ways that entrepreneurs can ensure that they avoid discrimination or the appearance of discrimination are to do which of the following?

1)Advertise jobs widely to include many potential groups. 2)Give everyone an equal opportunity to be considered. 3)Write job descriptions so they do not include terms such as "salesman," "handyman," "young," or "counter girl."

Which of the following should an advertisement ask an applicant to submit?

1)List of references 2)Resume

Which of the following is a human resources issue for family firms?

1)One family member may make another mad since they know that member's "hot buttons." 2)Placement of family members can create an environment of discrimination. 3)It is more difficult to fire or discipline a family member.

Employers may ask job candidates about their __________ but not their __________.

1)Prior convictions 2)Arrest record

Identify the important pieces of information that need to be considered by an entrepreneur who seeks to place an advertisement on a job-replacement website.

1)Readership and viewership of the website 2)Statistics on reply rates 3)Rates charged for placing the advertisement

Which of the following are compensation options that a small business owner may employ to pay employees?

1)Salary 2)Hourly wage 3)Compensation