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Unit 10 & 11: Risk & HR Flashcards | StudBud
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Unit 10 & 11: Risk & HR
Unit 10 & 11: Risk & HR
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StudBud Administration
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Flashcards
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Questions
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Answers
1
Law protects prohibits pay discrimination based on gender for jobs with equal skill
Americans with Disabilities Act of 1992
Age Discrimination Act of 1967
Equal Pay Act of 1983
Civil Rights Act of 1964
2
This type of compensation method pays a specific amount of money for each unit produced
Straight salary
Piece rate
Time wage
Commission
3
Which of the following does not directly benefit from increased workplace diversity?
Individuals
Organizations
Society
Government
4
Which of the following is NOT typically discussed during a performance evaluation?
Employee benefits
Plan for any needed performance improvement
The support the employee can expect from management
Employee’s communication skills
5
This federal law protects workers age 40 and over.
Civil Rights Act of 1964
Equal Pay Act of 1983
Age Discrimination Act of 1967
Americans with Disabilities Act of 1992
6
The three major categories of business insurance are
Technology changes, consumer demand & economic conditions.
Personnel, property, and operations.
Customers, employees, and vendors.
Personnel, property, and economic conditions.
7
Which of the following is NOT a major responsibility of a company’s human resources department?
Protecting the health and safety of employees
Developing compensation packages
Matching employees’ abilities & interests with specific jobs
Drafting a budget for the entire company
8
Business interruption insurance:
Provides money if a business has a temporary shutdown
Insures lives of executives due to importance to the company
Compensates owners in the event of a bankruptcy or failure.
Covers property losses from fire, storms, accidents & theft
9
The person or business for which an insurance company assumes the risk is called the
Insurer
Insured.
Claimant
Policyholder
10
An artificial limit placed on minority groups moving into positions of authority is called the
Glass ceiling.
Silver-lined cloud.
Iron curtain.
Velvet glove.
11
The amount a policyholder must pay for insurance coverage is a
Deductible
Claim
Ransom
Premium
12
This insurance protects against injury to people or property based on actions of a business.
Liability insurance
Health insurance
Any of these
Life insurance
13
An insurance policy states the conditions to which
The insurer and the policyholder have agreed.
The insurance company and the policyholder have agreed.
The insurance company and the insurer have agreed.
The insurer and the insured have agreed.
14
Law prohibits job discrimination based on race, color, religion, gender, and national origin.
Civil Rights Act of 1964
Americans with Disabilities Act of 1992
Age Discrimination Act of 1967
Fair Hiring Act of 1983
15
Which of the following risks faced by businesses are often uninsurable?
Vehicle
Commercial property
Liability
Economic
16
Formal negotiation between unions and management resolve issues through
Litigation.
Arbitration.
Collective bargaining.
Strikebreaking.
17
This type of compensation method pays a specific amount of money for each hour worked.
Piece rate
Commission
Straight salary
Time wage
18
A business can transfer the risk of product damage by
Delivering a product itself.
Doing nothing because a problem is very unlikely to occur.
Using other channel members to store & distribute products.
Any of these
19
Which of the following pays the amount of an insurance policy upon the death of the insured?
Life insurance
Workers’ compensation
Disability insurance
Health insurance
20
If you choose not to complete a risky activity, you are said to be __________________ the risk.
Assuming
Transferring
Avoiding
Respecting