HRMN 3420 EXAM 1 STUDY GUIDE (AUBURN
UNIVERSITY - RUSTY ADAIR FALL 2025) LATEST
UPDATED QUESTIONS & ANSWERS.
Chapter 1 Answer -
Define Human Resource Management Answer - The policies, practices, and
systems that influence employees' behavior, attitudes, and performance;
leveraging human capital to meet the organization's goals
Define Human Capital Answer - The organization's employees, described in
terms of their training, experience, judgement, intelligence, relationships, and
insight
Discuss the four principles of Human Resources Answer - 1. Human resources
are valuable. High-quality employees provide a
needed service as they perform many critical functions.
2. Human resources are rare in the sense that a person with high levels of the
needed skills and knowledge is not common. n organization may
spend months looking for a talented and experienced manager or technician.
3. Human resources cannot be imitated. o imitate human resources at a
high-performing competitor, you would have to figure out which
employees are providing the advantage and how. Then you would have
to recruit people who can do precisely the same thing and set up the systems
that enable those people to imitate your competitor.
4. Human resources have no good substitutes. When people are well
UNIVERSITY - RUSTY ADAIR FALL 2025) LATEST
UPDATED QUESTIONS & ANSWERS.
Chapter 1 Answer -
Define Human Resource Management Answer - The policies, practices, and
systems that influence employees' behavior, attitudes, and performance;
leveraging human capital to meet the organization's goals
Define Human Capital Answer - The organization's employees, described in
terms of their training, experience, judgement, intelligence, relationships, and
insight
Discuss the four principles of Human Resources Answer - 1. Human resources
are valuable. High-quality employees provide a
needed service as they perform many critical functions.
2. Human resources are rare in the sense that a person with high levels of the
needed skills and knowledge is not common. n organization may
spend months looking for a talented and experienced manager or technician.
3. Human resources cannot be imitated. o imitate human resources at a
high-performing competitor, you would have to figure out which
employees are providing the advantage and how. Then you would have
to recruit people who can do precisely the same thing and set up the systems
that enable those people to imitate your competitor.
4. Human resources have no good substitutes. When people are well
