Kyle uses a local financial institution for his banking needs such as a checking and savings account. When he asks the manager what the money he has deposited is used for, the manager explains that the institution deals primarily with consumer loans and home mortgage loans. Anyone can open an account at this institution. This describes a:
A) commercial mutual bank.
B) mutual funds bank.
C) credit union.
D) savings and loan association.
E) national bank.
Question 2 - As Vice President of HR, you are alarmed to review performance appraisals and see how many employees in the company don't know basic safety procedures. You immediately create a training class to address these issues. These activities are in which phase of HRM?
A) Maintenance
B) Development
C) Analysis
D) Acquisition
E) Appraisal
Question 3 - Lana's business has two accounts at a bank-150,000 in a checking account and 300,000 in a savings account. If the bank fails, how much of the business's deposits is protected by the FDIC?
A) 150,000
B) 300,000
C) 250,000
D) 450,000
E) 0
Question 4 - After estimating the number of people the firm will need in the next five years, you perform a job analysis of your current staff. These activities are in which phase of HRM?
A) Maintenance
B) Development
C) Training
D) Acquisition
E) Appraisal
Question 5 - Georgiana has 200,000 in a savings account in her name alone and another 150,000 in a savings account held jointly with her daughter. If the bank fails, how much of her deposits are protected by the FDIC?
A) 200,000
B) 350,000
C) 250,000
D) 150,000
E) 0
Question 6 - You are reorganizing the marketing department and undergo a job analysis for each of your existing members. The goal is to determine the unmet needs within the department so you can recruit people to fill those needs. These activities are in which phase of HRM?
A) Maintenance
B) Development
C) Acquisition
D) Training
E) Appraisal
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