WGU C202 Managing Human Capital Ch1 Study Guide Exam with Questions and elaborated Answers 100% Graded A+

WGU C202 Managing Human Capital Ch1 Study Guide
Exam with Questions and elaborated Answers
100% Graded A+


1. Total Rewards:the sum of all the rewards employees receive in exchange fortheir ti
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me, efforts, and performance
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2. Direct financial compensation: compensation received in the form of salary,wag
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es, commissions, stock options, or bonuses
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3. Human Resource Strategy: links the entire human resource function with thefirm'
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s business strategy
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4. IndirectFinancialCompensation: allthetangibleandfinancially valuedrewardsthat
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are not included in direct compensation, including free meals, vacation time, and health
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5. Human resource Management: the organizational functions for attracting, hir-
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ing, developing, rewarding, and retaining talent
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6. human resource strategy: links the entire human resource function with thefirm'
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s business strategy
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7. rewards & benefits: the HR function that refers to the sum of all of the rewardsemplo
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1/3
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, yees receive in exchange for their time, efforts, and performance
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8. nonfinancial compensation: rewards and incentives given to employees that are n D D D D D D D D D D




ot financial in nature including intrinsic rewards received from the job itself orfrom the w
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ork environment D




9. strategicrisk: riskrelatedtotalentstrategy,companyculture,ethics,investmentsin pe
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ople, and the implementation of change initiatives
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10. competitive advantage: doing something differently from the competition thatlea D D D D D D D D D




ds to outperformance and success
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11. talent philosophy: a system of beliefs about how a firm's employees should betreate
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12. staffing: the HR that refers to the process of planning, acquiring, deploying, and retai
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ning employees that enables the organization to meet its talent needs andexecute its bu
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siness strategy D




13. business strategy: defines how the firm will compete in its marketplace D D D D D D D D D D




14. training and development: the HR function that refers to the growth of em-
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D ployee capabilities through both formal and informal activities; also includes careerpla
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nning, organizational development, and legal compliance
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15. operational risk: risk related to the speed and the effectiveness of talent acqui- D D D D D D D D D D D D




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