Showing posts with label Questions. Show all posts
Showing posts with label Questions. Show all posts

Thursday, 9 February 2017

BUS 335 Week 5 Quiz– Strayer

BUS 335 Week 5 Quiz– Strayer

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Quiz 4 Chapter 5 and 6
Chapter 5
Student: ___________________________________________________________________________
1. Most organizational recruiting is done in-house. 
True    False

2. Organizations with low turnover rates will probably prefer to use internal recruitment agencies. 
True    False

3. Some organizations cooperate with one another during recruitment drives to minimize individual recruitment costs. 
True    False

4. A centralized approach to recruiting can ensure that policy is being interpreted consistently across business units. 
True    False

5. One advantage to centralized recruitment is that recruitment efforts may be undertaken in a more timely manner. 
True    False

6. It is typically easy to determine the number of contacts with applicants needed to fill a vacancy. 
True    False

7. One consistent finding in the research is that job seekers are more likely to find out about jobs through friends and family than they are through employment agencies. 
True    False

8. Research has shown that greater employer involvement with prospective applicants does little to improve the image of the organization. 
True    False

9. The practice of not charging the business unit may result in the business unit users not being concerned about minimizing recruitment costs. 
True    False

10. Applicant tracking systems make it possible to assess how many individuals are attracted and hired through each recruiting source. 
True    False

11. A recruitment guide is an informal set of principles suggesting, but not proscribing, how recruiting might proceed. 
True    False

12. Most recruiters receive a great deal of training. 
True    False

13. Research consistently shows that HR department employees make better recruiters than line managers. 
True    False

14. Which of the following is an advantage of using an external recruiting agency? 
A. it ensures consistency from opening to closing
B. it is useful for companies too small to have dedicated recruiters
C. it is very inexpensive
D. all of the above

15. Which of the following are advantages of centralized recruitment? 
A. duplications of effort are reduced
B. increased responsiveness to immediate needs
C. closer links to day-to-day operations
D. decreased costs in the centralized HR function

16. Which of the following are components of a well-developed recruiting requisition? 
A. quantity of labor to be hired
B. affirmative action compliance methods
C. list of selection methods to be used
D. all of the above

17. Which of the following is not one of the major areas written into recruiting budgets? 
A. website development and administration
B. costs of signing bonuses
C. time spent making personal contacts and following up with candidates
D. bringing candidates onsite

18. A recruiting requisition is ________________________. 
A. a formal document that authorizes the filling of a job opening
B. a flowchart that enumerates costs of each selection tool
C. a formal document that details the process to be followed to attract applicants to a job
D. a description of the costs and benefits of various methods of selection

19. A recruitment guide is ________________________. 
A. a formal document that authorizes the filling of a job opening
B. a flowchart that enumerates costs of each selection tool
C. a document that details the process to be followed to attract applicants to a job
D. a description of the costs and benefits of various methods of selection

20. Research suggests that an ideal recruiter has ________________________. 
A. strong interpersonal skills
B. knowledge about the organization
C. extensive knowledge about the job
D. all of the above

21. With an open recruitment approach, organizations cast a wide net to identify potential applicants for specific job openings. 
True    False

22. The growth of Web-based recruiting means that many employers have found that open recruiting yields too few applicants. 
True    False

23. Targeted recruiting is done to find applicants with specific characteristics pertinent to person/job or person/organization match. 
True    False

24. Targeted recruiting is a poor choice for diversity-conscious firms. 
True    False

25. Targeted recruitment can achieve the same ends of inclusion as open recruitment, though by a different mechanism. 
True    False

26. It is usually advised that a company either adopt open or targeted recruitment across the board for all employees. 
True    False

27. One shortcoming of targeted recruitment is that by seeking out one group, one may exclude another from the same consideration. 
True    False

28. Research indicates that recruits are bored by overly simple web-based recruiting systems and they prefer a more elaborate design. 
True    False

29. Research shows that candidates prefer organizational Web sites that allow them to customize the information that they receive. 
True    False

30. Most estimates suggest that employee referrals are one of the least commonly used recruiting methods. 
True    False

31. Organizations sometimes use social networking sites like LinkedIn and Facebook to find job candidates. 
True    False

32. One major problem with Internet-based recruiting is that there are too few applications for most jobs. 
True    False

33. Niche employment websites are a popular method for finding recruits with a specific set of skills. 
True    False

34. Research has shown that organization websites and electronic bulletin boards are seen as more informative and credible than campus recruiting. 
True    False

35. Executive search firms are usually extremely expensive. 
True    False

36. In a small number of states, there are employment or job service options to help employers find candidates for jobs. 
True    False

37. Outplacement firms offer employees who are losing their jobs assistance finding new jobs in the form of counseling and training to help facilitate a good person/job match. 
True    False

38. If a recruiting search is too narrow, the organization will likely be engaged in a long-term process of looking. 
True    False

39. There has not been any research on the effectiveness of various recruitment sources. 
True    False

40. What are the two major strategies for recruiting? 
A. open or shut
B. proactive or pensive
C. open or targeted
D. general or targeted

41. Which of the following is an advantage of open recruiting? 
A. it is seen as more fair
B. it ensures a diverse set of applicants
C. a small set of qualified applicants is considered
D. both a and b

42. Which of the following is an advantage of targeted recruiting? 
A. it is seen as more fair
B. it ensures a diverse set of applicants
C. a small set of qualified applicants is considered
D. both a and b

43. Which situation most strongly calls for open recruitment? 
A. a small number of applicants are required
B. specific skill sets are needed
C. pre-entry qualifications are not important
D. the organization is downsizing

44. Which situation most strongly calls for targeted recruitment? 
A. a small number of applicants are required
B. specific skill sets are needed
C. pre-entry qualifications are not important
D. the organization is downsizing

45. The recruitment approach in which an organization identifies those segments of the labor market where qualified candidates are likely to be is called __________. 
A. targeted recruitment
B. job requirements matrix recruitment
C. geographic area recruitment
D. strategic recruitment

46. Which of the following is an appropriate use of targeted recruiting? 
A. Using non-traditional sources to enhance minority hiring.
B. Broadening the geographical recruitment area to control selection costs.
C. Eliminating recruitment sources to minimize yield ratios.
D. Using demographics to avoid certain classes of potential applicants.

47. Which of the following are not components of a strong corporate recruiting website? 
A. exciting flash graphics presentations of opportunities
B. detailed information on career opportunities
C. résumé builders
D. self-assessment inventories

48. A study of the best practices of the Web sites of 140 high-profile organizations indicates that one of the features of a high-impact Web site is ____________. 
A. a job cart function
B. personal search engines
C. self-assessment inventories
D. all of the above

49. Which of the following statements about using employee referrals is true? 
A. those recruited by employee referrals tend to be less committed
B. those recruited by referrals are more qualified and committed
C. referral programs may be effective, but few are hired in this way
D. over 80% of organizations provide incentives for referrals

50. Which of the following statements is false? 
A. many employment sites now offer the ability to create and approve job requisitions online
B. employment sites sometimes cross-list jobs with local newspapers
C. at any given time there are millions of résumés available on employment websites
D. none of these statements is false

51. College placement offices are used because ___________. 
A. they reach individuals with diverse levels of skills for all job types
B. it really doesn't matter which college you recruit from because they're all the same
C. it's fast and easy to establish relationships with campus recruiting offices
D. campus recruiting efforts are seen as more credible than websites or bulletin boards

52. The more broadly transmitted the organization's search methods, the more likely that a ____________ will be attracted to apply. 
A. highly eager group of applicants
B. relatively homogenous population of individuals
C. uniformly high quality of individuals
D. large number of individuals

53. A high cost method of search may be worth the cost to the organization if ___________. 
A. the job is not crucial to the organization's success
B. KSAOs are in short supply
C. only a small number of individuals are needed
D. none of the above

54. Evidence suggests that, overall, ___________ are likely to attract employees who have a better understanding of the organization and its culture. 
A. referrals and job trials
B. websites
C. newspaper advertising
D. employment agencies

55. A realistic recruitment message portrays the organization and the job as they really are, rather than describing what the organization thinks job applicants want to hear. 
True    False

56. Research suggests that realistic job previews lead to massive reductions in turnover. 
True    False

57. The hope with realistic job previews is that job applicants will self-select into and out of the organization. 
True    False

58. There is some evidence that realistic job previews might scare away the most promising job candidates. 
True    False

59. Realistic job previews should be part of the initial exposure of the organization to applicants because that is when they are most effective at increasing satisfaction and reducing turnover intentions. 
True    False


60. Written or videotaped RJPs are more effective than verbal RJPs. 
True    False

ECO 302 Week 5 Quiz – Strayer

ECO 302 Week 5 Quiz – Strayer

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Chapters 6 and 7

Chapter 6

TRUE/FALSE

            1.         Bond holdings and interest income are zero for the whole economy.

                                   

            2.         The household real budget constraint shows that household real consumption is equal to household real income plus household real saving.

                                   

            3.         In the Barro model prices like the real wage adjust to clear markets like the labor market.

                                   

            4.         In the Barro model the nominal rate of return on capital, (R/P) -   is greater than the nominal return on bonds, i, because capital is viewed by households as more risky than bonds.

                                   

            5.         Real profit equals real output plus spending on capital and labor inputs.

                                   

            6.         In the bond market, a higher interest rate means that borrowing is less expensive than before.

                                   

            7.         Household decisions depend on the nominal values for wages and rent rather than the real values for wages and rent.

                                   

            8.         In the Barro model, households use money as a means for trading goods and services.

                                   

            9.         In the Barro market model, gold serves as money.

                                   

            10.       The market-clearing interest rate depends on the marginal productivity of capital.

                                   

MULTIPLE CHOICE

            1.         The market clearing approach assumes that:
a.         people are not able to affect prices that influence their decisions.     c.         firms are not able to affect prices that influence their decisions.
b.         prices adjust to clear markets.             d.         all of the above.


                                   

            2.         The market clearing approach assumes that:
a.         people are not able to affect prices that influence their decisions.     c.         firms are able to affect prices that influence their decisions.
b.         prices change very slowly.      d.         all of the above.


                                   

            3.         The market clearing approach assumes that:
a.         people are able to affect prices that influence their decisions.           c.         firms are able to affect prices that  influence their decisions.
b.         prices adjust to clear markets.             d.         all of the above.


                                   

            4.         The market clearing approach assumes that:
a.         people are able to affect prices that influence their decisions.           c.         firms are not able to affect prices that influence their decisions.
b.         prices change very slowly.      d.         all of the above.


                                   

            5.         The labor market clears when:
a.         the real wage causes LS = LD.           c.         the marginal product of labor is zero.
b.         the real wage causes LS to be minimized.      d.         the real wage causes LS to be as large as possible.


                                   

            6.         In the goods market in the Barro model households can buy:
a.         bonds. c.         labor services.
b.         goods to increase their stock of capital.          d.         all of the above.


                                   

            7.         The goods market the price, P, is:
a.         the price level.             c.         the price of a particular good.
b.         the rental price of goods.        d.         the interest rate.


                                   

            8.         In the rental market in the Barro model, households buy and sell:
a.         real estate.       c.         the use of capital for one period.
b.         consumer durables like cars.   d.         all of the above.


                                   

            9.         A bond that is traded in the bond market in the Barro model is piece of paper that:
a.         is the lenders claim to the amount owed by the borrower.     c.         is the lenders claim to ownership in the company. 
b.         is the borrowers claim to the amount owed by the lender.     d.         assures the person is who they say they are.


                                   

            10.       Money in the Barro model is held because:
a.         for its own sake.          c.         to earn interest.
b.         to trade fairly soon for something else.          d.         all of the above.


                                   

            11.       Money in the Barro model is:
a.         gold.    c.         interest earning.
b.         a medium of exchange.           d.         all of the above.


                                   

            12.       One unit of money in the Barro model has a purchasing power of:
a.         the price level time that one unit, P.   c.         the interest rate, i.
b.         the price level over the interest rate, (P/i).      d.         one over the price level, (1/P)


                                   

            13.       If a household has $2,000 in money and the price level is 10, then the real value of its money is:
a.         $10.     c.         200 goods.
b.         $20,000.          d.         1,900 goods.


                                   

            14.       The real wage is:
a.         hourly earning after taxes.      c.         the value of a worker’s time in goods received.
b.         wages plus fringe benefits.     d.         the price level divided by the nominal wage rate.


                                   

            15.       If the nominal wage rate is $10 per hour and the price level is 2, then the real wage a worker earns is:
a.         five units of goods per hour.   c.         twenty units of goods per hour.
b.         eight units of goods per hour.             d.         one-fifth unit of goods per hour.


                                   

            16.       If the rental price of a capital good is $100 and the price level is 25, then when renting the capital the owner’s real earnings are:
a.         4 units of output per period.   c.         seventy five units of output per period.
b.         2,500 units of output per period.        d.         one-forth unit of output per period.


                                   

            17.       The rental price of capital is:
a.         a dollar amount per unit of capital.     c.         a nominal interest rate
b.         a real interest rate.       d.         profit.


                                   

            18.       Over all households bonds, B, must total zero because:
a.         there are no bonds in the model.         c.         bonds are not important in the model.
b.         for every dollar loaned a dollar is borrowed in the bond market.      d.         bonds are illegal in most economies.


                                   

            19.       The profit in the model  is:
a.         output  - (wages times labor hired + the rental price times capital rented).    c.         (price times output)  - (wages times labor hired + the rental price times capital rented).
b.         (price times output)  divided by (wages times labor hired + the rental price times capital rented).   d.            (wages times labor hired + the rental price times capital rented) - (price times output).


                                   

            20.       The rate of return from owning capital is:
a.         the rental price of capital, R.   c.         the net nominal rental income, (R/P)•PK -  PK.
b.         the value of depreciation,  PK.           d.         the real rental price less depreciation, (R/P) -  .


                                   

            21.       The principal of a bond is:
a.         the amount of interest paid each period.        c.         the amount of interest paid over the term of the bond.
b.         the initial amount borrowed.   d.         the total amount to be paid back including the amount borrow and the amount of interest paid over the term of the bond.


                                   

            22.       The maturity of a bond is:
a.         the amount of interest paid each period.        c.         the amount of interest paid over the term of the bond.
b.         the amount borrowed. d.         the time at which the lender must be paid back.


                                   

            23.       If the principal of a bond is $100, it matures in a year and the interest rate is 4%, then at the interest payment on this bond will be:
a.         $100.   c.         $4.
b.         $96.     d.         $400.


                                   

            24.       If the principal of a bond is $1000, it matures in a year and the interest rate is 6%, then at the end of the year the lender will receive:
a.         $1000. c.         $60.
b.         $1060. d.         $940.


                                   

            25.       In the market clearing model, for the whole economy interest income is:
a.         bonds minus the interest rate. c.         the interest rate divided by bonds.
b.         zero.    d.         bonds divided by the interest rate.


                                   

            26.       Individual household nominal income includes:
a.         nominal interest income, iB.   c.         nominal wage income, wL.
b.         nominal  net rental income, [(R/P) -  PK]•PK.            d.         all of the above.


                                   

            27.       In the model the nominal interest rate equals the nominal net return on capital,  i = (R/P) -  , because:
a.         other than rates of return bonds and capital look the same to households as assets.             c.         bonds are riskier than capital.
b.         capital is riskier than bonds.    d.         bonds are zero in the aggregate.


                                   

            28.       In the model the nominal interest rate equals the nominal net return on capital,  i = (R/P) -  , because:
a.         bonds are zero in the aggregate.         c.         bonds are riskier than capital.
b.         capital is riskier than bonds.    d.         if bonds offered a higher return than capital households would hold no capital.


                                   

            29.       According to the household nominal budget constraint, PC+ B+P• K =   + wL + i(B + PK), households can use their income to:
a.         purchase consumption goods.             c.         purchase capital goods.
b.         acquire more bonds.    d.         all of the above.


                                   

            30.       Interest income is:
a.         positive for net bond holders.             c.         negative for net bond issuers.
b.         zero for the whole economy. d.         all of the above.


                                   

            31.       According to the household nominal budget constraint, PC+ B+P• K =   + wL + i(B + PK), households can use their income to:
a.         purchase consumption goods.             c.         acquire more money.
b.         hire more workers.      d.         all of the above.


                                   

            32.       According to the household nominal budget constraint, PC+ B+P• K =   + wL + i(B + PK), households can use their income to:
a.         acquire more money.   c.         pay more wages.
b.         acquire more bonds.    d.         all of the above.


                       

            33.       According to the household nominal budget constraint, PC+ B+P• K =   + wL + i(B + PK), households can use their income to:
a.         hire more workers.      c.         purchase capital goods.
b.         acquire more money.   d.         all of the above.


                                   

            34.       If a household this week produces 20 of its product at a cost of 50 cents each, sells them for $1, works 40 hours at $10 per hour, must pay $10 in interest owed on its borrowing and rents out 10 units of capital at $100 for the week, the household’s, nominal income is:
a.         $1,440 this week.        c.         $1,420 this week.
b.         $1,400 this week.        d.         none of the above.


                                   

            35.       The household real budget constraint C + ( B/P) +  K = ( /P)+ (w/P)•L + i•((B/P) + K).
shows that in our model:
a.         households get income only from labor.         c.         households can spend their income only on consumption.
b.         households can spend their income on consumption or acquiring more capital and bonds.   d.         households view bonds as riskier than capital.


                                   

            36.       The household’s budget constraint shows that:
a.         sources of fund = uses of funds.        c.         labor income is the largest part of income.
b.         profits are the largest part of income  d.         consumption is the largest part of spending.


                                   

            37.       The household real budget constraint C + ( B/P) +  K = ( /P) + (w/P)•L + i•((B/P) + K).
shows that in our model:
a.         households get income only from labor.         c.         households get income from profits from production, labor and interest on bonds and capital.
b.         households can spend their income only on consumption.     d.         households view bonds as riskier than capital.


                                   

            38.       To maximize profit a firm should hire labor:
a.         until it can produce no more of its product.   c.         until the marginal product of labor equal the real wage rate.
b.         until the marginal product of labor begins to fall.      d.         until the marginal product of labor is zero.


                                   

            39.       An investment in the Barro model is:
a.         the purchase of a bond.           c.         the purchase of a capital good used for production.
b.         the purchase of ownership in a firm.   d.         all of the above.


                                   

            40.       To maximize profit a firm should hire capital:
a.         until it can produce no more of its product.   c.         until the marginal product of capital equal the real rental price of capital.
b.         until the marginal product of labor begins to fall.      d.         until the marginal product of capital is zero.


                                   

            41.       In the market for capital services:
a.         the supply of capital adjusts to create market clearing.          c.         the demand for capital adjusts to create market clearing.
b.         the real rental price of capital adjusts to create market clearing.        d.         all of the above.


                                   

            42.       In the market clearing model, depreciation,  , is:
a.         the rate at which capital disappears.   c.         the rate at which bonds lose value.
b.         the rate at which money loses value. d.         all of the above.


                                   

            43.       In the market clearing model:
a.         households can owe pay interest.       c.         for the whole economy interest income is zero.
b.         households can earn interest.  d.         all of the above.


                                   

            44.       In the market clearing model, nominal saving is:
a.         the change in money + the change in bonds + the change in the nominal value of capital.   c.           + wL + i(B + PK) - PC.
b.         nominal income less nominal consumption.    d.         all of the above.


                                   

            45.       In the market clearing model, nominal saving is:
a.         the change in money + the change in bonds.  c.           + wL + i(B + PK) - PC.
b.         nominal income plus nominal consumption.   d.         all of the above.


                                   

            46.       In the market clearing model, nominal saving is:
a.         always zero.    c.         nominal income - depreciation of capital.
b.         nominal income less nominal consumption.    d.         all of the above.


                                   

            47.       In the market clearing model, nominal saving is:
a.         the change in money + the change in bonds + the change in the nominal value of capital.   c.         always zero.
b.         nominal income plus nominal saving. d.         all of the above.


                                   

            48.       Real saving is:
a.           + wL + i(B + PK) - PC.        c.         ( /P) + (w/P)L + i((B/P) + K) - C.
b.         output plus consumption.        d.         all of the above.


                                   

            49.                                    Figure 6.1




In Figure 6.1 an increase in real income is shown by:
a.         a shift of the curve up and to the right.          c.         a shift of the curve inward and to the left.
b.         rotating the curve out the real consumption axis.       d.         rotating the curve up the real saving axis.


                                   

            50.       In the market clearing model, the demand for capital and labor come from:
a.         the tastes of people.    c.         the objective of profit maximizing.
b.         rental and labor markets.         d.         all of the above.


                                   

            51.       In the goods market, production of goods comes from
a.         large corporate firms.  c.         households.
b.         technology-related businesses.            d.         large partnerships.


                                   

            52.       Households buy goods on the goods market because they wish to
a.         consume.         c.         export.
b.         invest.  d.         both (a) and (b).


                                   

            53.       Households provide to the rental market
a.         all available capital services, so that no capital remains idle.  c.         none of their capital services, since households do not own capital.
b.         some of their capital services, leaving a fraction of capital idle.        d.         none of their capital services, so that only businesses own capital.


                                   

            54.       In the Barro market model, currency is used
a.         to earn interest income.           c.         only in the bond market.
b.         as a medium of exchange.       d.         only in the labor market.


                                   

            55.       Households earn interest from
a.         holding bonds and holding money.    c.         holding bonds, but not from holding money.
b.         holding money, but not from holding bonds. d.         none of the above.


                                   

            56.       To simplify the analysis of the bond market, the Barro bond market model initially assumes that
a.         each bond has a different risk level.   c.         bond maturities are long.
b.         a bond has no principal amount.         d.         the inflation rate is zero.


                                   

            57.       A household views the real rental price for capital (R/P) as
a.         the rate of return on capital only after it is adjusted for depreciation.           c.         the profit from its production of goods and services.
b.         the rate of return on capital only after it is adjusted for inflation.     d.         the profit from its holdings of bonds and money.


                                   

            58.       In the Barro markets model, the medium(s) of exchange
a.         is bonds.          c.         are both bonds and money.
b.         is money.         d.         are bonds, money, and labor services.


                                   

            59.       If bonds offer a higher rate of return than capital does, then households would
a.         hold neither bonds nor capital.           c.         hold bonds only.
b.         hold capital only.        d.         hold both bonds and capital.


                                   

            60.       In the market for capital services, if the real rental price is below the market-clearing rental price, then
a.         suppliers of capital services would compete by bidding down the real rental price.  c.         the market for capital services would be in equilibrium.
b.         suppliers of capital services would compete by bidding up the real rental price.       d.         demanders of capital services would compete by bidding up the real rental price.


                                   

SHORT ANSWER

            1.         How is profit calculated in the model?

                       

            2.         What is the household real budget constraint and what does it tell us?
                       

            3.         In the model why does the return on bonds, i, equal the return on capital, (R/P) -  ?
                       

            4.         What is real profit in the Barro model?

            5.         What causes the labor and capital markets to clear in the Barro model?

                       

            6.         In the Barro market-clearing model, on what variable does the interest rate depend?  Explain briefly.

                       

            7.         Why does the Barro model assume that the labor and capital market clear?  Explain briefly.

                       

            8.         In the Barro market model, why are equilibrium profits equal to zero?

                       


Chapter 7

TRUE/FALSE

            1.         If the value of initial assets increases, then a household will change consumption or present value of asset at the end of period 2 due to an income effect.

                                   

            2.         $100 a year from now is equal in worth to $100 today.

                                   

            3.         A discount factor is used to deflate nominal consumption to real consumption.

                                   

            4.         If wages rises by $10 per worker just this period, we would expect to see consumption rise by much less than $10 this period.

                                   

            5.         The aggregate household budget constraint is consumption plus net investment is real GDP less depreciation.

                                   

            6.         In the multiyear household budget constraint, wage incomes from each year are added together without further adjustments.

                                   

            7.         In the multiyear household budget constraint, initial asset values are excluded.

                                   

            8.         An increase in the interest rate leads to an income effect and an intertemporal-substitution effect on consumption which offset each other.

                                   

            9.         An increase in the interest rate leads to an income effect which increases consumption and saving in year 1.

                                   

            10.       An increase in the interest rate leads to an intertemporal substitution effect which decreases consumption and increases saving in year 1.