{"id":4652,"date":"2022-04-18T13:11:56","date_gmt":"2022-04-18T13:11:56","guid":{"rendered":"https:\/\/assignmenttask.com\/answers\/?p=4652"},"modified":"2022-10-12T09:55:51","modified_gmt":"2022-10-12T09:55:51","slug":"human-resource-management-and-practices-assessment-1","status":"publish","type":"post","link":"https:\/\/assignmenttask.com\/answers\/human-resource-management-and-practices-assessment-1\/","title":{"rendered":"Human Resource Management and Practices Assessment 1"},"content":{"rendered":"

Human Resource Management and Practices Assignment Help<\/strong><\/h2>\n

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\"Order

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Summative Activity 1: Knowledge Questionnaire<\/strong><\/h3>\n

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QUESTION 1<\/strong><\/p>\n

Indicate whether the following statements are true or false.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
1.\u00a0\u00a0 Key budget indicators are very important in budget control.<\/td>\n<\/tr>\n
2.\u00a0\u00a0 Equipment selling and transfer is the same activity.<\/td>\n<\/tr>\n
3.\u00a0\u00a0 An adverse variance would be when the costs are lower than expected.<\/td>\n<\/tr>\n
4.\u00a0\u00a0 The master budget is the most important budget.<\/td>\n<\/tr>\n
5.\u00a0\u00a0 A budget report is only about variances.<\/td>\n<\/tr>\n
6.\u00a0\u00a0 Budget variance analyses also considers \u201ccauses\u201d.<\/td>\n<\/tr>\n
7.\u00a0\u00a0 With a Zero budget you actually \u201cstart with zero funds\u201d.<\/td>\n<\/tr>\n
8.\u00a0\u00a0 Stock levels can give an indication when to order.<\/td>\n<\/tr>\n
9.\u00a0\u00a0 Stock taking is a method of stock control.<\/td>\n<\/tr>\n
10. The safest way to prepare a budget is by using a computer.<\/td>\n<\/tr>\n
11. The budgeting process starts with the Sales Budget.<\/td>\n<\/tr>\n
12. The Overhead Budgets considers items such as material and labour.<\/td>\n<\/tr>\n
13. A good budget will have no variances.<\/td>\n<\/tr>\n
14. It is a good practice to always have maximum stock available.<\/td>\n<\/tr>\n
15. Always change the inventory list with equipment transfer.<\/td>\n<\/tr>\n
16. Budget control is a summary of the end budget result.<\/td>\n<\/tr>\n
17. An office budget should also \u201cconsider\u201d Water & Lights.<\/td>\n<\/tr>\n
18. An adverse budget variance is \u201calways bad\u201d.<\/td>\n<\/tr>\n
19. SARS requires regular budget reports.<\/td>\n<\/tr>\n
20. It is the cause and significance of a budget variance that matters.<\/td>\n<\/tr>\n
21. The EMP201 must be submitted on the request of SARS.<\/td>\n<\/tr>\n
22. Don\u2019t share the contents of your pay slip with co-workers.<\/td>\n<\/tr>\n
23. Good record keeping can save time.<\/td>\n<\/tr>\n
24. Always follow up variances on a payroll.<\/td>\n<\/tr>\n
25. Only the Tax Act is applicable to payrolls.<\/td>\n<\/tr>\n
26. R21 per hour is a salary rate.<\/td>\n<\/tr>\n
27. You can claim UIF when you resign.<\/td>\n<\/tr>\n
28. An attendance register is a source document for payrolls.<\/td>\n<\/tr>\n
29. \u201cCost to company\u201d exclude bonuses.<\/td>\n<\/tr>\n
30. Gross income is the money that I can take home.<\/td>\n<\/tr>\n
31. A statutory deduction refers to a deduction described by an Act.<\/td>\n<\/tr>\n
32. A payroll system can make deductions automatically.<\/td>\n<\/tr>\n
33. The Cost-to-Company includes travel allowances.<\/td>\n<\/tr>\n
34. You have to know the tax category to compile a personal salary.<\/td>\n<\/tr>\n
35. A company must provide an official pay slip to employees.<\/td>\n<\/tr>\n
36. Employee records only refers to salary matters.<\/td>\n<\/tr>\n
37. A staff budget period is always over one year.<\/td>\n<\/tr>\n
38. Staff appraisal is usually done annually.<\/td>\n<\/tr>\n
39. For salary workers, \u201cdays of\u201d can be used for overtime.<\/td>\n<\/tr>\n
40. Performance bonus and a 13th cheque is the same.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

QUESTION 2<\/strong><\/p>\n

Read the following statements and match the statement in Column A with the Statement in Column C and provide your answer in Column B<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
A<\/strong><\/td>\nB<\/strong><\/td>\nC<\/strong><\/td>\n<\/tr>\n
1.\u00a0\u00a0 Defend the expenditure in a \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u><\/p>\n

based budget.<\/td>\n

<\/td>\n1.\u00a0\u00a0 Adverse<\/td>\n<\/tr>\n
2.\u00a0\u00a0 Could help with the control of the office<\/p>\n

supplies.<\/td>\n

<\/td>\n2.\u00a0\u00a0 Selling<\/td>\n<\/tr>\n
3.\u00a0\u00a0 Not a good budget variable.<\/td>\n<\/td>\n3.\u00a0\u00a0 Zero<\/td>\n<\/tr>\n
4.\u00a0\u00a0 The office budget is usually included in<\/p>\n

the \u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>budget.<\/td>\n

<\/td>\n4.\u00a0\u00a0 Sales<\/td>\n<\/tr>\n
5.\u00a0\u00a0 Usually the initial (first) budget.<\/td>\n<\/td>\n5.\u00a0\u00a0 Inventory list<\/td>\n<\/tr>\n
6.\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>usage will determine the order<\/p>\n

level.<\/td>\n

<\/td>\n6.\u00a0\u00a0 SLB<\/td>\n<\/tr>\n
7.\u00a0\u00a0 Determine the level of budget funding.<\/td>\n<\/td>\n7.\u00a0\u00a0 Revise<\/td>\n<\/tr>\n
8.\u00a0\u00a0 A type of budgeting approach.<\/td>\n<\/td>\n8.\u00a0\u00a0 Key indicators<\/td>\n<\/tr>\n
9.\u00a0\u00a0 Always \u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>a budget when variances<\/p>\n

occur.<\/td>\n

<\/td>\n9.\u00a0\u00a0 Zero budget<\/td>\n<\/tr>\n
10. Can be used in budget control.<\/td>\n<\/td>\n10. Maximum<\/td>\n<\/tr>\n
11. A possible reason for inaccurate data.<\/td>\n<\/td>\n11. Confidentiality<\/td>\n<\/tr>\n
12. Very important in handling personal<\/p>\n

records.<\/td>\n

<\/td>\n12. Disposition<\/td>\n<\/tr>\n
13. Ensuring that data is \u201cclean\u201d.<\/td>\n<\/td>\n13. Geographical<\/td>\n<\/tr>\n
14. Assess retention value.<\/td>\n<\/td>\n14. Validation<\/td>\n<\/tr>\n
15. A data classification method.<\/td>\n<\/td>\n15. Decay<\/td>\n<\/tr>\n
16. Assemble data in a standard order.<\/td>\n<\/td>\n16. Retrieval<\/td>\n<\/tr>\n
17. A basic principle requesting information.<\/td>\n<\/td>\n17. Accuracy<\/td>\n<\/tr>\n
18. Searching for documents or data.<\/td>\n<\/td>\n18. Explicit<\/td>\n<\/tr>\n
19. Very important in collating data.<\/td>\n<\/td>\n19. Timely<\/td>\n<\/tr>\n
20. Assessed feedback is \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>feedback.<\/td>\n<\/td>\n20. Collation<\/td>\n<\/tr>\n
21. Disposal of records could mean \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>.<\/td>\n<\/td>\n21. Dates<\/td>\n<\/tr>\n
22. Could be an automatic identification and data capture.<\/td>\n<\/td>\n22. Classification<\/td>\n<\/tr>\n
23. Chronological ordering considers this.<\/td>\n<\/td>\n23. Relevant<\/td>\n<\/tr>\n
24. Feedback should be \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>to the request.<\/td>\n<\/td>\n24. Retrieval<\/td>\n<\/tr>\n
25. Searching for documents and\/or<\/p>\n

information.<\/td>\n

<\/td>\n25. Payrolls<\/td>\n<\/tr>\n
26. Arranging information in a logical order.<\/td>\n<\/td>\n26. Archiving<\/td>\n<\/tr>\n
27. Salary after deductions.<\/td>\n<\/td>\n27. Accuracy<\/td>\n<\/tr>\n
28. It is in the BCE Act.<\/td>\n<\/td>\n28. Bonus<\/td>\n<\/tr>\n
29. Very important for payrolls.<\/td>\n<\/td>\n29. Non conformance<\/td>\n<\/tr>\n
30. Can result in tax penalties.<\/td>\n<\/td>\n30. Work hours<\/td>\n<\/tr>\n
31. A gratitude for excellent work.<\/td>\n<\/td>\n31. Variance<\/td>\n<\/tr>\n
32. A statutory deduction.<\/td>\n<\/td>\n32. CTC<\/td>\n<\/tr>\n
33. Compulsory for tax purposes.<\/td>\n<\/td>\n33. EFT<\/td>\n<\/tr>\n
34. The EE Act eliminate \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>practices.<\/td>\n<\/td>\n34. Nett<\/td>\n<\/tr>\n
35. Difference between budgeted and actual.<\/td>\n<\/td>\n35. Unfair<\/td>\n<\/tr>\n
36. The method mostly used to pay<\/p>\n

employees.<\/td>\n

<\/td>\n36. Pass words<\/td>\n<\/tr>\n
37. Total staff cost for a business.<\/td>\n<\/td>\n37. Registration<\/td>\n<\/tr>\n
38. Payroll security can be enhanced by\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>.<\/td>\n<\/td>\n38. Outputs<\/td>\n<\/tr>\n
39. Production bonus considers\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0<\/u>.<\/td>\n<\/td>\n39. Subsistence<\/td>\n<\/tr>\n
40. A possible allowance on a payroll.<\/td>\n<\/td>\n40. UIF<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/strong><\/p>\n

QUESTION 3<\/strong><\/p>\n

State and explain two reasons why a business should have a financial plan.<\/p>\n

QUESTION 4<\/strong><\/p>\n

Name three advantages of budgeting.<\/p>\n

QUESTION 5<\/strong><\/p>\n

Define Zero-Based Budgeting.<\/p>\n

QUESTION 6<\/strong><\/p>\n

Explain what is meant by \u201cBudget Security\u201d.<\/p>\n

QUESTION 7<\/strong><\/p>\n

Name and explain the two most important factors that would assist you in the ordering of office supplies \u2013 the amount.<\/p>\n

QUESTION 8<\/strong><\/p>\n

Explain what \u201cTransfer of Office Equipment\u201d is and also explain the importance to monitor the transfer of equipment.<\/p>\n

QUESTION 9<\/strong><\/p>\n

Name the basic steps in office budget control.<\/p>\n

QUESTION 10<\/strong><\/p>\n

Explain the term Budget Variance.<\/p>\n

QUESTION 11<\/strong><\/p>\n

Explain the effect of an Adverse Variance on<\/p>\n