Chapter 2HRM and the job market

People work because:
1. most have to work to pay for living expenses
2. work occupies time
3. work offers motivation and self-respect
4. all of the above
A theory that places its main focus on individual expectations and interests is known as:
1. an institutional theory
2. a social preference theory
3. a competitive market theory
4. an individual preference theory
A theory that assumes that individuals choose jobs that offer them maximum benefits is known as:
1. an institutional theory
2. a social preference theory
3. a competitive market theory
4. an individual preference theory
A theory that takes household priorities into account when deciding to search for a job is known as:
1. an institutional theory
2. a social preference theory
3. a competitive market theory
4. an individual preference theory
A theory that places its main focus within the firm rather than the external job market is known as:
1. an institutional theory
2. a social preference theory
3. a competitive market theory
4. an individual preference theory
The economically active include:
1. people in education
2. people looking after dependants
3. people in paid work
4. all of the above
The economically inactive do not include:
1. retired people
2. people looking for work
3. people looking after dependants
4. people in education
Workers who calculate that it is not worthwhile searching for a job given the wage they are likely to receive are called:
1. lazy workers
2. discouraged workers
3. unenthusiastic workers
4. scroungers
Official unemployment figures are:
1. 100% accurate
2. a best estimate
3. totally inaccurate
4. 80% accurate
On average, the workforce in developed countries is:
1. getting younger
2. getting older
3. increasingly middle-aged
4. staying about the same