Chapter 5-6 Test review

In a correctiveinterview, an employee learns about new procedures and policies of the company.

The piece of legislation that outlines anemployee’s minimum rights in the workplace is called

Employer rights do notinclude setting employment terms and conditions.

When businesses try to savemoney on labour costs by hiring in other countries, they are doing

Refining is a processingstep used to convert raw materials into semi-finished/finished product.

Examples of liquid capitalused in a business include buildings, land, machinery, and equipment.

The four stages of theproduction process are purchasing, grading, processing, and selling.

Business provides manyopportunities, the job where people are paid for advice and expertise is

Labour includes all of the physicaland mental work needed to produce goods or services

Songwriters and authors get paid for theircreative efforts by receiving a

an inventory system thathas the right material, right place, right time, and the rightamount is

examining labor markets, employers are able to determine one or more of the following factors.

Another name for naturalresource industries is primary industries

In competitive markets companies may use the following to bring veteran employees to their firm

Labour includes all of the physicaland mental work needed to produce goods or services.

Intellectual propertyconsists ideas and talents of individuals and is anon-tangible product.

human resources Trueis responsible for coordinating activities involving the company’semployees

A highly trained person with an educational background/years of experience would be a 

When hiring, its critical to check references before conducting interviews of candidates

Employee turnover is therate at which employees leave the business for a variety of reasons.

Performance goals, which can act as anincentive for an employee, are also known as

Orientation is a process tohelp people get ready for an interview taking place at the interview

If raw materials are notavailable when they are needed, the process that is halted is called

Ways to increase productivity come from employee training programs/investment intechnology.