DECA HUMAN RESOURCES MANAGEMENT
(HRM) EXAM 1EXAMPLE LATEST UPDATE 2024-
2025 QUESTIONS AND VERIFIED CORRECT
ANSWERS GAUARNTEED A+
- Which of the following is a guideline for writing clear instructions for your coworkers:
- Write complex, lengthy statements.
- Write from your supervisor's perspective.
- Understand the process you are explaining.
D. Confine the instructions to one page. - CORRECT ANSWER: C Understand the
process you are explaining.
To write accurate instructions, you must be knowledgeable about the sequence and content of steps required for completion of the task. Instructions should consist of simple, brief statements that are written from the employee's perspective. Although instructions should be as brief as possible, the type and complexity of the process or activity will dictate the length of the instructions.
A business typically pays property tax to the government when
- the value of the business's equipment decreases over time.
- the business owns the building in which it operates.
- the business sells the property for more money than it paid for it.
- the business sells goods directly to other businesses or individuals. - CORRECT
ANSWER: B) The business owns the building in which it operates.
Businesses that own buildings and land must pay property taxes to the government at specific intervals. The property-tax amount is based on the value of the land and building. The value of the land and building is affected by many factors, such as the location of the property. When the value of a business's goods or equipment decreases over time, it is known as depreciation. When it sells land or a building, a business pays a capital-gains tax, which is based on the difference between the purchase price and the higher selling price. Sales tax is typically charged on nonessential goods such as candy, books, and shampoo. Businesses (e.g., retailers) that sell the goods collect the sales tax from their customers and give the money to the government at set intervals.
A business was fined $2 million for dumping toxic waste in the local river. What type of environmental law did the company violate?
- Food quality
- Clean air
- Clean water
D. Endangered species - CORRECT ANSWER: C Clean water.
The company violated the clean water laws by dumping toxic waste into a river. Clean air laws regulate emissions and other air pollutants. Food quality laws regulate the 1 / 3
quality of the food supply. Endangered species laws protect animals, fish, and birds in danger of becoming extinct.
A collaborative work environment contributes to an employee's growth because s/he
- views the work environment positively.
- earns more income.
- learns from coworkers.
D. has the opportunity to work from home. - CORRECT ANSWER: C) Learns from
coworkers
When employees regularly share ideas and techniques, they learn from each other and gain new knowledge and skills. Earning more income, viewing his/her work environment positively, and working from home are all great benefits an employee can gain, but they do not necessarily help an employee grow.
A distinguishing characteristic of credit unions is that they
- provide more services than banks.
- offer only credit card services.
- operate as cooperative financial institutions.
- are unions for people in the banking industry. - CORRECT ANSWER: C) Operate as
cooperative financial institutions.
Credit unions are nonprofit lending institutions owned by their members. They provide loans to members and may offer a variety of services, but they do not offer more services than banks. The members of a credit union could be individuals who work for the same company, are in the same profession, or belong to the same union.
A limitation to the use of project-management software is that it lacks the ability to
- make decisions.
- calculate data.
- track changes.
D. flag information. - CORRECT ANSWER: A) Make decisions.
Project-management software helps project managers automate, schedule, and track the various project components by computer. If used appropriately, the software can help a project run efficiently. One thing software cannot do is make decisions.Individuals make decisions that are often based on input entered into the computer.
A manager watches an employee perform a work activity and writes notes that describe the process. This is an example of capturing knowledge by
- observation.
- rationalization.
- interrogation.
- imitation. - CORRECT ANSWER: A) Observation. 2 / 3
Observation involves obtaining information by watching others perform a task or activity.A business can obtain knowledge about work-task processes by observing employees performing their jobs. The manager is not rationalizing or imitating the employee's behavior. There is not sufficient information provided to determine if the manager is asking questions or interrogating the employee.
A team of marketers is creating a promotional brochure, but progress is slow. The person in charge of designing the layout has never done it before and is struggling to come up with ideas. What ethical dilemma most likely caused this situation?
- Assigning the wrong person to a job
- Covering up wrongdoing/Blaming others
- Using money inappropriately
- Violating workers' rights - CORRECT ANSWER: A) Assigning the wrong person to a
job.
One of the tasks that project managers do during the planning phase is delegating work to various members of the project team. It is important to do so ethically by paying attention to people's strengths, interests, abilities, and time constraints. Project managers should not give jobs to people who are not qualified to do the work required of the roles. Because the designer has no experience, s/he might not have been the best person for the job, which causes issues for the project as a whole. There is no indication that the project manager covered up wrongdoing/blamed others, used money inappropriately, or violated workers' rights.
According to the statement of cash flows in a company's annual report, its cash flow from operations last year was $5,260,300 and its capital expenditures were $980,200.What was the company's free cash flow?
A. $1,863,391
B. $4,280,100
C. $5,397,164
D. $6,240,500 - CORRECT ANSWER: B) $4,280,100.
Free cash flow is the capital that a company has left at the end of a year after paying all of its expenses and making any necessary new capital expenditures. Investors often calculate a company's free cash flow to determine whether the company has funds to pay dividends to investors. The formula used to calculate free cash flow is Free Cash Flow = Cash Flow From Operations - Capital Expenditures. To determine the company's free cash flow, simply subtract the capital expenditures noted from the given cash flow from operations ($5,260,300 - $980,200 = $4,280,100).
Accountants are legally required to follow established guidelines when preparing financial documents to ensure that the information presented is
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