TEST WITH ACTUAL QUESTIONS AND
ANSWERS 2025 UPDATE
What is human Resource Management
Answer: The process of managing an organization's human resources to achieve its strategic
objectives.
Human Capital
Answer: The knowledge, skills, and capabilities of individuals that bring economic value to an
organization.
How Companies Leverage Human Capital
Answer:
1. Designing innovative strategies for employee acquisition and utilization.
2. Measuring and enhancing the effectiveness of human capital.
3. Assisting managers in entering new markets.
4. Attracting top talent by offering competitive benefits.
Total Quality Management (TQM)
Answer: A comprehensive approach to improving long-term success by enhancing customer
satisfaction across all aspects of an organization.
Six Sigma
Answer: A data-driven methodology that uses statistical techniques to align customer needs with
organizational tasks, defining the most efficient way to perform them.
Seven Key Challenges in HRM
Answer:
1. Changes in market conditions and the economy.
2. Globalization.