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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724
Name : LIMA KHURAMI Marks : 80 Course : Specialisation
Subject : Personnel Finance Management
Answer the following question.
Q1. What are the legal aspects of estate planning? (10 marks)
Answer: The topic of estate planning is one that most people aren’t comfortable talking about. While most don’t want to consider what’s going to happen after death, it is critical to do so if you have possessions or financial assets you’d like to leave to your family and friends. Creating an official and legalized plan ensures that your wishes for the distribution of your assets are carried out.
The Estate Planning Must-Haves
Here is a list of items
Q2. Briefly explain Job analysis (10 marks)
Answer: Job analysis refers to a systematic process of collecting all information about a specific job, including skill requirements, roles, responsibilities and processes in order to create a valid job description. Job analysis also gives an overview of the physical, emotional & related human qualities required to execute the job successfully.
Job analysis is an important step in ensuring that the right candidate is selected. Job analysis helps the employer in recruitment and selection,
Q3. What is a family of funds? How it is related to shareholder exchanges? (10 marks)
Answer: A family of funds (or fund family) includes all the separate funds managed by a single investment company. For instance, all of the mutual funds offered by Vanguard would be part of the same family of funds. Investing broadly across different funds from the same family of funds can offer investor benefits such as lower costs and sales charges, as well as access to research and investment advice.
Q4. Explain the term Stock split? (10 marks)
Answer: A stock split is when a company’s board of directors issues more shares of stock to its current shareholders without diluting the value of their stakes. A stock split increases the number of shares outstanding and lowers the individual value of each share. While the number of shares outstanding change, the overall
Q5. What are the advantages and disadvantages of owning a home? (10 marks)
Answer: What Are The Advantages Of Owning A Home?
- A good long-term investment: Homes can lose value, but it doesn’t happen often. The Federal Reserve Bank of St. Louis reports that the average price of homes sold in the United States rose 28% in 10 years starting in 2009 and 10% from 2014 to 2019. In the same decade, the housing market added $11.3 trillion in value. With COVID-19 driving the marketplace, those increases will continue, at least through the short-term. If you are
- Q6. Psychological test as selection criteria can at best be a support to the interview process. Please evaluate. (10 marks)
Answer: Although the personal interview is the most widely used method of selection of employees, it has its limitations. It is a costly, inefficient and usually invalid procedure. It is vitiated by the bias, prejudices and subjective attitude of the interviewer. Because of these drawbacks, it is aided by psychological tests.
A test is a systematic procedure for comparing the behaviour of two or more persons. Many firms use psychological tests in the
Q7. If you have to hire an HR Manager for your firm, what competencies would you look for? Please answer in terms of your understanding of the HR function. (10 marks)
Answer: Although HR critics abound, leaders in the field will be the first to acknowledge that their teams do not deliver innovative human capital programs that drive business results,1 and that a new mental model of what it means to be an HR professional must be developed to not only be relevant in today’s business environment but to lead an organization to success. As purveyors of an organization’s most valuable asset—its talent—
Q8. Briefly explain Stress interview (10 marks)
Answer: A stress interview is a path used to put applicants under outrageous tension. They are intended to test your capacity to think directly on your feet, react proficiently in troublesome circumstances and remain quiet in a pressurized domain.
The primary witticism of utilizing the stress interview method is that the businesses are hoping to perceive how you would deal
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