HRM Fundamentals Quiz
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Questions and Answers

What does Human Resource Management (HRM) primarily focus on?

  • Maximizing profits and minimizing costs
  • Attracting, developing, and maintaining an effective workforce (correct)
  • Expanding market share
  • Creating innovative products and services
  • What does the term 'Human Capital' refer to in the context of HRM?

  • Physical assets owned by the organization
  • Technological infrastructure of the organization
  • Financial resources of the organization
  • Organization’s investment in attracting, retaining, and motivating an effective workforce (correct)
  • What is the primary responsibility of Human Resources Management in the context of attracting a quality workforce?

  • Maximizing shareholder wealth
  • Cost-cutting measures
  • Human resources planning, employee recruitment, and selection (correct)
  • Product development
  • What is the key function of HRM in relation to workforce planning and development?

    <p>Planning for human resource needs and recruitment, selection, development, and compensation</p> Signup and view all the answers

    What is the significance of training and development in HRM?

    <p>To ensure the continuous improvement of employee skills and knowledge</p> Signup and view all the answers

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