C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
competitive advantage -
correct answer ✅doing something differently from the
competition that leads to outperformance and success
human resource management -
correct answer ✅the organizational function responsible for
attracting, hiring, developing, rewarding and retaining talent
staffing -
correct answer ✅the process of planning, acquiring, deploying and
retaining employees that enables an organization to meet its talent
needs and to execute its business strategy
total rewards -
correct answer ✅the sum of all of the rewards employees receive
in exchange for their time, efforts and performance
direct financial compensation -
correct answer ✅compensation received in the form of salary,
wages, commissions, stock options or bonuses
,C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
indirect financial compensation -
correct answer ✅all the tangible and financially valued rewards
that are not included in direct compensation, including free meals,
vacation time and health insurance
nonfinancial compensation -
correct answer ✅rewards and incentives given to employees that
are not financial in nature including intrinsic rewards received from
the job itself or from the work environment
Strategic risk, Operational risk, Financial risk and Compliance risk -
correct answer ✅Managing human resources strategically helps
organizations manage four types of risk:
business strategy -
correct answer ✅defines how a firm will compete in its
marketplace
talent philosophy -
correct answer ✅a system of beliefs about how an organization's
employees should be treated
,C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
human resource strategy -
correct answer ✅links the entire human resource function with
the firm's business strategy
global mindset -
correct answer ✅a set of individual attributes that enable you to
influence individuals, groups and organizations from diverse
socio/cultural/institutional systems
superior value for their money -
correct answer ✅To have a competitive advantage, a company
must ultimately be able to give customers ____________.
Employee Handbooks -
correct answer ✅print of online materials that document the
organization's HRM policies and procedures
shared service center -
correct answer ✅centralizes routine, transaction-based HRM
activities
, C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
outsourcing -
correct answer ✅hiring an external vendor to do work rathe than
doing it internally
professional employer organization -
correct answer ✅a company that leases employees to companies
that need them
organizational culture -
correct answer ✅the norms, values, and assumptions of
organizational members that guide members' attitudes and
behaviors
entrepreneurial, bureaucratic, consensual, competitive -
correct answer ✅four types of organizational culture
performance culture -
correct answer ✅focuses on hiring, retaining, developing,
motivating and making work assignments based on performance
data and results
Exam Questions & Answers (Grade
A+)
competitive advantage -
correct answer ✅doing something differently from the
competition that leads to outperformance and success
human resource management -
correct answer ✅the organizational function responsible for
attracting, hiring, developing, rewarding and retaining talent
staffing -
correct answer ✅the process of planning, acquiring, deploying and
retaining employees that enables an organization to meet its talent
needs and to execute its business strategy
total rewards -
correct answer ✅the sum of all of the rewards employees receive
in exchange for their time, efforts and performance
direct financial compensation -
correct answer ✅compensation received in the form of salary,
wages, commissions, stock options or bonuses
,C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
indirect financial compensation -
correct answer ✅all the tangible and financially valued rewards
that are not included in direct compensation, including free meals,
vacation time and health insurance
nonfinancial compensation -
correct answer ✅rewards and incentives given to employees that
are not financial in nature including intrinsic rewards received from
the job itself or from the work environment
Strategic risk, Operational risk, Financial risk and Compliance risk -
correct answer ✅Managing human resources strategically helps
organizations manage four types of risk:
business strategy -
correct answer ✅defines how a firm will compete in its
marketplace
talent philosophy -
correct answer ✅a system of beliefs about how an organization's
employees should be treated
,C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
human resource strategy -
correct answer ✅links the entire human resource function with
the firm's business strategy
global mindset -
correct answer ✅a set of individual attributes that enable you to
influence individuals, groups and organizations from diverse
socio/cultural/institutional systems
superior value for their money -
correct answer ✅To have a competitive advantage, a company
must ultimately be able to give customers ____________.
Employee Handbooks -
correct answer ✅print of online materials that document the
organization's HRM policies and procedures
shared service center -
correct answer ✅centralizes routine, transaction-based HRM
activities
, C202 Managing Human Capital Ch1-4
Exam Questions & Answers (Grade
A+)
outsourcing -
correct answer ✅hiring an external vendor to do work rathe than
doing it internally
professional employer organization -
correct answer ✅a company that leases employees to companies
that need them
organizational culture -
correct answer ✅the norms, values, and assumptions of
organizational members that guide members' attitudes and
behaviors
entrepreneurial, bureaucratic, consensual, competitive -
correct answer ✅four types of organizational culture
performance culture -
correct answer ✅focuses on hiring, retaining, developing,
motivating and making work assignments based on performance
data and results
