MBA 755 Final Exam 1 Questions and
Correct Answers 2026/2027 Updated.
Human Resource Management - Answer · ________________________: defined as a strategic
and coherent approach to the management of an organization's most valued assets - the people
working there, who individually and collectively contribute to the achievement of its objectives.
-Physical assets
-Financial assets
-Intellectual property
-Human capital. - Answer There are four types of organization assets:
Human capital - Answer ______________ is the most valued asset for an organization to
achieve its sustained competitive advantages.
Human - Answer _________ capital: defined as collective value of the capabilities, knowledge,
skills, life experiences, and motivation of an organization's workforce.
Strategic HRM - Answer ________________ is an approach that defines how the
organization's goals will be achieved through people by means of HR strategies and integrated
HR policies and practices.
1) valuable, 2) rare, 3) inimitable and 4) non-substitutable. - Answer A firm resource may
create sustained competitive advantages when it has four attributes:
people/human - Answer · Many firm resources can be imitated, but __________________
capital cannot be imitated.
1) People create a history
2) People make numerous small decisions
3) People create socially complex resources - Answer Three reasons people are inimitable:
-Recruitment and selection
-Employee training and development,
-Motivation
-Employee health and safety. - Answer There are four basic functions of HRM:
Correct Answers 2026/2027 Updated.
Human Resource Management - Answer · ________________________: defined as a strategic
and coherent approach to the management of an organization's most valued assets - the people
working there, who individually and collectively contribute to the achievement of its objectives.
-Physical assets
-Financial assets
-Intellectual property
-Human capital. - Answer There are four types of organization assets:
Human capital - Answer ______________ is the most valued asset for an organization to
achieve its sustained competitive advantages.
Human - Answer _________ capital: defined as collective value of the capabilities, knowledge,
skills, life experiences, and motivation of an organization's workforce.
Strategic HRM - Answer ________________ is an approach that defines how the
organization's goals will be achieved through people by means of HR strategies and integrated
HR policies and practices.
1) valuable, 2) rare, 3) inimitable and 4) non-substitutable. - Answer A firm resource may
create sustained competitive advantages when it has four attributes:
people/human - Answer · Many firm resources can be imitated, but __________________
capital cannot be imitated.
1) People create a history
2) People make numerous small decisions
3) People create socially complex resources - Answer Three reasons people are inimitable:
-Recruitment and selection
-Employee training and development,
-Motivation
-Employee health and safety. - Answer There are four basic functions of HRM:
