WGU C202 – Managing Human Capital Study Guide & Practice Questions 2026-03-02
WGU C202 – Managing
Human Capital Study Guide
& Practice Questions
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ 1 WGU C202 – Managing Human Capital Study Guide & Practice Questions.pdf
,WGU C202_ Managing Human Capital 2026-03-02
Human Resource Strategy
Links the entire human resource function with the firm's business strategy.
Business Strategy
Defines how the firm will compete in its marketplace.
Total Rewards
The sum of all rewards employees receives in exchange for their time, efforts, and performance.
The combined intrinsic and extrinsic rewards of a job.
Employee Handbooks
Print or online materials that document the organization's HRM policies and procedures.
Page 2 2 WGU C202_ Managing Human Capital.pdf
,WGU C202_ Managing Human Capital 2026-03-02
HRM: Human Resource Management
The organizational function responsible for attracting, hiring, developing, rewarding, and retaining
talent.
Outsourcing
Hiring an external vendor to do work for the company rather than doing it internally.
Nonfinancial Compensation
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.
Intrinsic Reward
Non-monetary rewards derived from the work itself.
Page 3 3 WGU C202_ Managing Human Capital.pdf
, WGU C202_ Managing Human Capital 2026-03-02
Competitive Advantage
Doing something differently from the competitor thus leading to outperformance and success.
Talent Philosophy
A system of beliefs about how an organization's employee should be treated.
Shared Service Center
Centralized routine, transaction-based HRM activities.
Professional Employer Organization
A company that leases employees to companies that need them.
Direct Financial Compensation
Compensation received in the form of salary, wages, commissions, stock options, or bonuses.
Page 4 4 WGU C202_ Managing Human Capital.pdf
WGU C202 – Managing
Human Capital Study Guide
& Practice Questions
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ 1 WGU C202 – Managing Human Capital Study Guide & Practice Questions.pdf
,WGU C202_ Managing Human Capital 2026-03-02
Human Resource Strategy
Links the entire human resource function with the firm's business strategy.
Business Strategy
Defines how the firm will compete in its marketplace.
Total Rewards
The sum of all rewards employees receives in exchange for their time, efforts, and performance.
The combined intrinsic and extrinsic rewards of a job.
Employee Handbooks
Print or online materials that document the organization's HRM policies and procedures.
Page 2 2 WGU C202_ Managing Human Capital.pdf
,WGU C202_ Managing Human Capital 2026-03-02
HRM: Human Resource Management
The organizational function responsible for attracting, hiring, developing, rewarding, and retaining
talent.
Outsourcing
Hiring an external vendor to do work for the company rather than doing it internally.
Nonfinancial Compensation
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.
Intrinsic Reward
Non-monetary rewards derived from the work itself.
Page 3 3 WGU C202_ Managing Human Capital.pdf
, WGU C202_ Managing Human Capital 2026-03-02
Competitive Advantage
Doing something differently from the competitor thus leading to outperformance and success.
Talent Philosophy
A system of beliefs about how an organization's employee should be treated.
Shared Service Center
Centralized routine, transaction-based HRM activities.
Professional Employer Organization
A company that leases employees to companies that need them.
Direct Financial Compensation
Compensation received in the form of salary, wages, commissions, stock options, or bonuses.
Page 4 4 WGU C202_ Managing Human Capital.pdf
