Human Resources Management Concepts Quiz
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Questions and Answers

What is the notion that organizations 'compete through people' highlighting?

  • Achieving success depends solely on technological advancements
  • Achieving success depends solely on market demand
  • Achieving success depends solely on financial resources
  • Achieving success increasingly depends on managing talent or human capital (correct)

    • What does human capital describe?

  • The marketing strategies of a company
  • Employees' knowledge, skills, and capabilities with economic value (correct)
  • The financial assets of a company
  • The physical infrastructure of a company

    • How does human capital impact an organization's performance?

  • It has no impact on performance
  • It only impacts the financial aspects of an organization
  • It has a tremendous impact on performance despite not showing up directly on the balance sheet (correct)
  • It has minimal impact on performance as it is not directly reflected on the balance sheet

    • Which term is used interchangeably with human capital?

    <p>Intellectual assets</p> Signup and view all the answers

    What does the phrase 'compete through people' imply?

    <p>Organizations achieve success by leveraging their human resources or talent</p> Signup and view all the answers

    What term is used interchangeably with human capital?

    <p>Human resources</p> Signup and view all the answers

    What does human capital describe?

    <p>Employees' knowledge, skills, and capabilities with economic value</p> Signup and view all the answers

    What does the notion that organizations 'compete through people' highlight?

    <p>Success increasingly depends on managing talent or human capital</p> Signup and view all the answers

    What is the value of human capital to an organization?

    <p>It has a tremendous impact on the organization's performance</p> Signup and view all the answers

    'Human capital' emphasizes the economic value of:

    <p>Employees' knowledge and skills</p> Signup and view all the answers

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