HR COMPETENCIES TERMS Flashcards

1
Q

Accounts Payable

A

Money an organization owes its vendors and suppliers.

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2
Q

Accounts Receivable

A

Money an organization’s customers owe the organization.

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3
Q

Active Listening

A

Communication technique to increase the engagement between communicators and their audiences. Involves two-way communication and attention to nonverbal signs.

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4
Q

Affinity Diagramming

A

Data-sorting technique in which a group categorizes and subcategorizes data until relationships are clearly drawn.

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5
Q

Assets

A

Financial, physical, and sometimes intangible properties an organization owns.

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6
Q

Balance Sheet

A

Statement of an organization’s financial position at a specific point in time. (snapshot) Showing assets, liabilities, and shareholder equity.

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7
Q

Bribery

A

Exchange of anything of value to gain greater influence or preference.

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8
Q

Business Case

A

Presentation to management that establishes that a specific problem exists and argues for a proposed solution.

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9
Q

Business Intelligence

A

Ability to use information to gain a deeper understanding of an organization and make sound business decisions.

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10
Q

Cash Flow Statement

A

Statement of an organization’s ability to meet its
current and short-term obligations, showing
incoming and outgoing cash and cash reserves in operations, investments, and financing.

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11
Q

Civil law

A

Legal system based on written codes (laws,

rules, or regulations).

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12
Q

Code of conduct

A

Principles that guide decision making and

behavior in an organization.

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13
Q

Common law

A

Legal system in which each case is considered
in terms of how it relates to legal decisions that
have already been made; evolves through
judicial decisions over time.

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14
Q

Confidentiality

A

Treatment of personal information that has been

disclosed to another person or organization.

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15
Q

Conflict of interest

A

Situation in which a person or organization may
benefit from undue influence due to involvement
in outside activities, relationships, or
investments that conflict with or have an impact
on the employment relationship or its outcomes.

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16
Q

Cultural intelligence

A

Capacity to recognize, interpret, and
behaviorally adapt to multicultural situations and
contexts.

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17
Q

Culture

A

Basic beliefs, attitudes, values, behaviors, and
customs shared and followed by members of a
group, which give rise to the group’s sense of
identity.

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18
Q

Delphi technique

A

Technique that progressively collects
information from a group of anonymous
respondents.

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19
Q

Due process

A

Concept that laws are enforced only through

accepted, codified procedures.

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20
Q

Emotional intelligence (EI)

A

Ability to be sensitive to and understand one’s

own and others’ emotions and impulses.

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21
Q

Enterprise resource

planning (ERP)

A

Business management software, usually a suite
of integrated applications, that a company can
use to collect, store, manage and interpret data
from many business activities.

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22
Q

Equity

A

Amount of owners’ or shareholders’ portion of a

business.

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23
Q

Extraterritoriality

A

Extension of the power of a country’s laws over
its citizens outside that country’s sovereign
national boundaries.

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24
Q

Feedback loop

A

In communication, structuring a message to
include opportunities for correction or
clarification. This requires two-way
communication.

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25
Q

Focus group

A

Small group of invited persons (typically six to
twelve) who actively participate in a structured
discussion, led by a facilitator, for the purpose
of eliciting their input.

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26
Q

Force-field analysis

A

Group decision-making tool designed to analyze
the forces favoring and opposing a particular
change. A factor is weighted, and the factors on
each side are summed and compared.

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27
Q

Framing

A

Process of constructing a message so that an
audience sees communicated facts in a certain
way and is persuaded to take a certain action.

28
Q

Global mindset

A

Ability to take an international perspective,

inclusive of other cultures’ views.

29
Q

Gross profit margin

A

Ratio of gross profit to net sales.

30
Q

High-context cultures (complex)

A

Societies or groups characterized by complex,
usually long-standing networks of relationships;
members share a rich history of common
experience, so the way they interact and
interpret events is often not apparent to
outsiders.

31
Q

Income statement

A

Statement that reports revenues, expenses, and
profits for a specified period of time, for
example, quarterly or annually.

32
Q

J curve

A

Visualization of the impact of change on
productivity. When change is introduced, there
is typically a decrease in productivity and then a
gradual return to—or, ideally, a surpassing of—
previous levels of productivity.

33
Q

Jurisdiction

A

Right of a legal body to exert authority over a
given geographical territory, subject matter, or
persons or institutions.

34
Q

Liabilities

A

Organization’s debts and other financial

obligations.

35
Q

Low-context cultures (not as complex)

A

Societies in which relationships have less
history; individuals know each other less well
and don’t share a common database of
experience, so communication must be very
explicit.

36
Q

Mean

A

Average score or value.

37
Q

Median

A

Middle value in a range of values.

38
Q

Mind mapping

A

Data-sorting technique in which group members
add related ideas and indicate logical
connections, eventually grouping similar ideas.

39
Q

Mode

A

Value that occurs most frequently in a set of

data.

40
Q

Motivation

A

Factors that initiate, direct, and sustain human

behavior over time.

41
Q

Multi-criteria decision

analysis (MCDA)

A

Group decision-making tool in which the group
defines the characteristics of a successful
decision and then scores each alternative
against those criteria.

42
Q

Negotiation

A

Process by which two or more parties work

together to reach agreement on a matter.

43
Q

Net profit margin

A

Ratio of net income (gross sales minus

expenses and taxes) to net sales.

44
Q

Networking

A

Process of developing mutually beneficial

contacts through the exchange of information.

45
Q

Noise

A

In communication, any factor that can disrupt
the sending and receipt of a message—for
example, physical factors such as loud
environments, cultural factors such as a
distinctive accent, or cognitive factors such as
the use of unfamiliar jargon.

46
Q

Nominal group technique

NGT

A

Technique in which participants each suggest
ideas through a series of rounds and then
discuss the items, eliminate redundancies and
irrelevancies, and agree on the importance of
the remaining items.

47
Q

Nonverbals

A

Components of a message apart from its words.
This could include physical gestures and
posture and vocal tones, volume, and speed.

48
Q

Online analytical

processing (OLAP)

A

Processing applications that store data in a
multidimensional “cube,” which enables users to
analyze data quickly in a variety of different
ways.

49
Q

Principled negotiation

A

Process in which negotiators aim for mutual
gain, emphasizing the need to focus on the
problem instead of personal differences and on
mutually beneficial outcomes.

50
Q

Ratio analysis

A

Comparing the sizes of two variables to produce
an index or percentage; commonly used to
analyze financial statements.

51
Q

Reliability

A

Extent to which a measurement instrument

provides consistent results.

52
Q

Root-cause analysis

A

Type of analysis that starts with a result and
then works backward to identify fundamental
cause.

53
Q

Rule of law

A

Concept that stipulates that no individual is
beyond the reach of the law and that authority is
exercised only in accordance with written and
publicly disclosed laws.

54
Q

Scenario/what-if analysis

A

Statistical method used to test the possible
effects of altering the details of a strategy to see
if the likely outcome can be improved.

55
Q

Social intelligence

A

Ability to create connections or rapport with

others.

56
Q

Stakeholder concept

A

Concept that proposes that any organization
operates within a complex environment in which
it affects and is affected by a variety of forces or
stakeholders who all share in the value of the
organization and its activities.

57
Q

Standard deviation

A

Distance of any data point from the center of a
distribution when data is distributed in a
“normal” or expected pattern.

58
Q

Transparency

A

Extent to which an organization’s agreements,
dealings, information, practices, and
transactions are open to disclosure and review
by relevant persons.

59
Q

Trend analysis

A

Statistical method that examines data from
different points in time to determine if a variance
is an isolated event or if it is part of a longer
trend.

60
Q

Unweighted mean

A

Raw average of data that gives equal weight to

all values, with no regard for other factors.

61
Q

Validity

A

Extent to which a measurement instrument

measures what it is intended to measure.

62
Q

Value

A

The benefit created when an organization
meets its strategic goals; measure of
usefulness, worth, or importance.

63
Q

Value chain

A

The process by which an organization creates

the product or service it offers to the customer.

64
Q

Variance analysis

A

Statistical method for identifying the degree of
difference between planned and actual
performance or outcomes.

65
Q

Weighted mean

A

Average of data that adds factors to reflect the

importance of different values.