Q&A Hero

Q: The principles of conduct governing an individual or a group are referred to as ________. A) judgments B) ethics C) laws D) virtues

Q: An entrepreneurial venture that sees its competitive advantage in cost efficiency would tend to adopt an organic style organizational structure.

Q: What is the Electronic Communications Privacy Act? What are its two primary exceptions?

Q: What are the main characteristics of workplace bullying? How can employers and their HR departments reduce bullying incidents in the workplace?

Q: When they first start out, most small entrepreneurial ventures have a very informal organizational structure.

Q: If the legal structure of an entrepreneurial venture does not turn out to be ideal, it can always be changed easily once the organization is up and running.

Q: Briefly discuss some of the various communication tools an employer used to bolster their employee relations efforts.

Q: What is nonpunitive discipline? What are the steps of the nonpunitive discipline process? If you were a manager, would you use a system of traditional discipline or nonpunitive discipline? Why?

Q: The two primary factors that affect the legal structure of an entrepreneurial organization are taxes and legal liability.

Q: Since it is impossible to predict the future, projected income estimates are not part of a good business plan.

Q: How do both firms and individuals benefit from fair treatment in the workplace? When employee discipline is necessary, how can firms ensure that the disciplinary process is fair?

Q: Why are family-friendly benefits and flexible benefits increasingly popular? Provide examples of both types of programs.

Q: An entrepreneurial venture's advertising strategy would be included in the description of the business section of a full business plan.

Q: A context analysis sizes up the target market and evaluates possible competitors to the company.

Q: What are the key steps for launching a successful EAP program? Should firms offer EAPs? Why or why not?

Q: An executive summary is the most complete kind of business plan.

Q: What are vested funds? What is the difference between cliff vesting and graded vesting?

Q: Once the entrepreneurial organization is up and running, the entrepreneur becomes a manager.

Q: What are the three types of benefits provided by Social Security?

Q: Because health care coverage is one of the most expensive benefits employers provide, many employers are trying to cut costs. What are some strategies for minimizing costs associated with employee health care? How do employee leasing firms help small businesses lower their health insurance costs?

Q: Legal issues for an entrepreneurial organization typically are addressed after the organization is up and running.

Q: One of the first things an entrepreneur does is look for potential opportunities in the marketplace.

Q: Private employers forced to downsize are required to provide COBRA coverage, and some firms offer dismissed employees severance pay. How do employers benefit from providing severance pay to dismissed employees? How do employees benefit from COBRA?

Q: Most entrepreneurial ventures are successful.

Q: What is sick leave? Why is sick leave problematic for many employers? What family-friendly benefits may alleviate some of these problems?

Q: An entrepreneurial venture is much more likely to change an industry than a small business.

Q: As an HR manager, you need to control costs associated with unemployment insurance. What are six steps you can take to protect your employer from paying unemployment claims for employees who were dismissed for inadequate performance?

Q: An entrepreneurial venture is the same as a small business.

Q: What benefits are required by federal or state laws? What benefits are discretionary on the part of employers?

Q: Entrepreneurship is the process of starting a new business to respond to an opportunity in the market.

Q: What policy issues must employers address when developing benefit plans? What federal laws influence employers' pension and health plans?

Q: This is one of the best ways for entrepreneurs to deal with especially difficult work-related or personal problems. A) read self-help books B) consult trusted employees C) develop a network of trusted peers D) consult relatives and family members

Q: When groups of employees accept a temporary reduction in work hours in order to prevent layoffs, the employees are job sharing.

Q: To avoid problems in their personal lives, entrepreneurs need to become excellent time managers and ________. A) treat all needs equally B) prioritize what needs to be done C) wait to see what needs can be ignored D) handle all needs long before they are needed

Q: Providing employees with iPhones, laptops, or other tools they need to get their jobs done in any location is known as workplace flexibility.

Q: Harvesting an entrepreneurial venture occurs when the venture ________. A) has a hit product B) is successful C) is sold D) becomes profitable

Q: The more flexible a work schedule, the greater the effectiveness of the program.

Q: An entrepreneur should ________ a plan for dealing with an economic downturn ________ any downturn occurs. A) create; when B) have; in place before C) write out; after D) think out; while

Q: Flextime for most employees typically involves 1 hour of leeway before 9 a.m. or after 5 p.m.

Q: This type of work team is composed of specialists. A) empowered B) problem solving C) self-directed D) cross-functional

Q: When employers offer domestic partner benefits to employees, it means that employees' same-sex domestic partners are eligible to receive the same benefits as do the husband, wife, or legal dependent of one of the firm's employees.

Q: Firms that subsidize day care centers are hoping to recruit employees, reduce absenteeism, decrease turnover, and improve morale.

Q: This type of work team has authority to implement the changes it recommends. A) empowered B) cross-functional C) problem solving D) self-directed

Q: Studies indicate that employee assistance programs most frequently provide help with personal mental health issues and family problems.

Q: This type of work team has the most autonomy. A) cross-functional B) problem solving C) self-directed D) virtual

Q: The Pension Benefits Guarantee Corporation guarantees both defined benefit plans and defined contribution plans.

Q: An entrepreneur's ability to be visionary is important because visionary companies tend to ________. A) have employees who are satisfied with their jobs B) be larger than nonvisionary companies C) be more successful than nonvisionary companies D) be more organic than nonvisionary companies

Q: A leader of an entrepreneurial organization is like a jazz band leader because he or she ________. A) controls every "note" that the performers "play" B) wants a happy and harmonious workplace C) has no influence over what the performers "play" D) works to draw the "best" out of every performer

Q: Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

Q: The best way for a hesitant entrepreneur to begin the process of employee empowerment is to ________. A) give employees complete decision-making power immediately B) use participative decision making C) let the employees decide how much decision-making power they will have D) order employees to start making decisions

Q: There is no limit to the amount an employee can contribute pre-tax into a 401(k) plan each year.

Q: Entrepreneurs who have trouble delegating authority should go through the process of empowering employees in this manner. A) gradually B) all at once C) using a rigid timetable D) hastily

Q: A primary benefit of 401(k) plans is that payments made by employees into the plan are pretax, so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

Q: The typical reason for why an entrepreneur considers implementing employee empowerment in an organization is to make sure that the organization ________. A) stays nimble and flexible B) is profitable C) stays small and informal D) is efficient

Q: Social Security provides health benefits to terminated employees and their families for 18 months following the employee's separation from the firm.

Q: In general, employee empowerment ________ motivation in employees. A) increases B) slightly decreases C) strongly decreases D) has no effect on

Q: The Medicare Modernization Act allows employers to establish tax-free health savings accounts.

Q: With respect to entrepreneurship, a proactive person is best described as someone who has skill in identifying ________. A) a problem B) trouble C) a good idea D) a good opportunity

Q: The Consolidated Omnibus Budget Reconciliation Act requires the government to provide health insurance to terminated or retired employees and their families through the Medicare system.

Q: A proactive person would be most likely to say this about his or her life. A) I feel trapped. B) If I don't like something, I fix it. C) If I don't like something, I learn to live with it. D) I like to leave well enough alone.

Q: Disability insurance provides income protection for salary loss due to illness or accident.

Q: The key to the proactive personality is that a proactive person feels that he or she can ________ any environment. A) adapt to B) change C) be successful in D) be well liked in

Q: Employers are prohibited from inquiring about an applicant's past workers' compensation history by the Americans with Disabilities Act.

Q: Perhaps the best predictor of whether or not a person will become an entrepreneur is how ________ she is. A) proactive B) talented C) likeable D) desperate

Q: If an employee is injured at work due to a blatant disregard for company safety policies, the company is not required to pay workers' compensation.

Q: People who become entrepreneurs often have ________. A) family money B) no family money C) family members who are entrepreneurs D) no family members who are entrepreneurs

Q: In most states, workers' compensation benefits have no time limit, so injured employees may receive monetary and medical compensation for the duration of their employment.

Q: A person with a proactive personality is someone who ________. A) takes action B) avoids taking action C) is entrepreneurial D) is not entrepreneurial

Q: In addition to the funds contributed by employers, each state also contributes to funds for workers' compensation.

Q: In general, entrepreneurs tend to ________ more than the average person. A) cut corners B) take risks C) avoid risks D) avoid cutting corners

Q: Since leaves associated with the Family and Medical Leave Act do not require employers to pay salaries, employers are not financially affected.

Q: Which of the following terms does not fit the classic profile of the successful entrepreneur? A) high energy B) reflective C) persistent D) resourceful

Q: The stipulations of the Family and Medical Leave Act apply to private employers of 50 or more employees.

Q: Which of the following statements regarding an "entrepreneurial personality" is true? A) Finding a set of personality traits for an entrepreneurial personality is much easier than for leaders. B) Finding a set of personality traits for an entrepreneurial personality is more difficult than for leaders. C) There is no specific set of personality traits that all entrepreneurs share. D) There has been research on this topic as to date.

Q: Pooled paid leave plans combine sick leave, vacation, and personal days into a single leave pool and have been blamed for increasing employee absenteeism.

Q: At an entrepreneurial organization, job candidates are more likely to hear about ________ than they will at conventional organizations. A) benefits B) monetary compensation C) advancement through the ranks D) learning opportunities

Q: Federal law requires private sector employers to grant a minimum amount of paid vacation leave.

Q: When hiring, entrepreneurs are more likely to make sure that these two elements are a good match than traditional HRM managers. A) job skills and organizational needs B) job qualifications and organizational requirements C) formal job training and organizational requirements D) values and organizational culture

Q: Documenting employee absences, conducting exit interviews, and requiring written approval for personal leave are employer methods for controlling unemployment insurance costs.

Q: An entrepreneurial venture whose goal is to create humorous video games would be likely to be ________. A) very organic in structure B) highly centralized C) fairly mechanistic in structure D) very mechanist in structure