C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
Human resource management -
correct answer ✅is the organizational function responsible for
attracting, hiring, developing, rewarding, and retaining talent.
total rewards -
correct answer ✅refers to 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
Indirect financial compensation -
correct answer ✅(benefits): any and all financial rewards not
considered direct financial compensation, including health
insurance, wellness benefits, paid vacations, and free meals
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 physical or psychological work
environment (e.g., feeling successful or appreciated)
,C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
business strategy -
correct answer ✅defines how the firm will compete in its
marketplace
talent philosophy -
correct answer ✅is a system of beliefs about how its employees
should be treated
human resource strategy -
correct answer ✅links the entire human resource function with
the firm's business strategy.
Organizational culture -
correct answer ✅is made up of the norms, values, and
assumptions of organizational members
performance culture -
correct answer ✅focuses on hiring, retaining, developing,
motivating, and making work assignments based on performance
data and results
,C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
high performance work systems (HPWS) -
correct answer ✅use a fundamentally different approach to
managing than do more traditional hierarchical and bureaucratic
organizations
Ethics -
correct answer ✅are the standards of moral behavior that define
socially accepted behaviors that are right as opposed to wrong
utilitarian standard -
correct answer ✅: the ethical action best balances good over harm
by doing the most good or doing the least harm
rights standard -
correct answer ✅: the ethical action that best respects and
protects the moral rights of everyone affected by the action,
including the right to privacy, to be told the truth, or to be safe
fairness standard -
correct answer ✅: the ethical action treats all people equally, or at
least fairly, based on some defensible standard
, C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
common good standard -
correct answer ✅: the ethical action shows respect and
compassion for everyone, especially the most vulnerable
virtue standard -
correct answer ✅: the ethical action is consistent with certain ideal
virtues including civility, compassion, benevolence, etc
Omission errors -
correct answer ✅a lack of written rules
Remission errors -
correct answer ✅pressure to make unethical choices
Commission errors -
correct answer ✅a failure to follow sound, established operational
and ethical practices
Codes of conduct -
correct answer ✅specify expected and prohibited actions in the
workplace and give examples of appropriate behavior
Questions & Answers (Grade A+)
Human resource management -
correct answer ✅is the organizational function responsible for
attracting, hiring, developing, rewarding, and retaining talent.
total rewards -
correct answer ✅refers to 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
Indirect financial compensation -
correct answer ✅(benefits): any and all financial rewards not
considered direct financial compensation, including health
insurance, wellness benefits, paid vacations, and free meals
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 physical or psychological work
environment (e.g., feeling successful or appreciated)
,C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
business strategy -
correct answer ✅defines how the firm will compete in its
marketplace
talent philosophy -
correct answer ✅is a system of beliefs about how its employees
should be treated
human resource strategy -
correct answer ✅links the entire human resource function with
the firm's business strategy.
Organizational culture -
correct answer ✅is made up of the norms, values, and
assumptions of organizational members
performance culture -
correct answer ✅focuses on hiring, retaining, developing,
motivating, and making work assignments based on performance
data and results
,C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
high performance work systems (HPWS) -
correct answer ✅use a fundamentally different approach to
managing than do more traditional hierarchical and bureaucratic
organizations
Ethics -
correct answer ✅are the standards of moral behavior that define
socially accepted behaviors that are right as opposed to wrong
utilitarian standard -
correct answer ✅: the ethical action best balances good over harm
by doing the most good or doing the least harm
rights standard -
correct answer ✅: the ethical action that best respects and
protects the moral rights of everyone affected by the action,
including the right to privacy, to be told the truth, or to be safe
fairness standard -
correct answer ✅: the ethical action treats all people equally, or at
least fairly, based on some defensible standard
, C202 Managing Human Capital Exam
Questions & Answers (Grade A+)
common good standard -
correct answer ✅: the ethical action shows respect and
compassion for everyone, especially the most vulnerable
virtue standard -
correct answer ✅: the ethical action is consistent with certain ideal
virtues including civility, compassion, benevolence, etc
Omission errors -
correct answer ✅a lack of written rules
Remission errors -
correct answer ✅pressure to make unethical choices
Commission errors -
correct answer ✅a failure to follow sound, established operational
and ethical practices
Codes of conduct -
correct answer ✅specify expected and prohibited actions in the
workplace and give examples of appropriate behavior
