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Managing Human Capital Final Exam Prep: Chapter 1 Quiz & Study Guide

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Prepare for your Managing Human Capital final exam with this comprehensive quiz covering key concepts from Chapter 1. Test your knowledge on the strategic role of HR, HRM functions, competitive challenges, and the HR scorecard. Ideal for business students reviewing for tests and assessments.

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C202 Managing Human Capital Final Exam Prep
Quiz Covering Chapters 1-14/ WGU C202 Final Exam
Practice Questions with Correct Answers Latest


HRM - ...ANSWER...✓✓ the organizational function
responsible for attracting, hiring, developing, rewarding,
and retaining talent


6 HRM functional areas - ...ANSWER...✓✓ staffing,
health/safety, performance management, employee
management relations, rewards/benefits,
training/development


HRM systems influence performance - ...ANSWER...✓✓
improves efficiency, contributes to revenue growth,
increase employee understanding, develop enhance
employee capabilities (helps employees
focus on things


HRM Systems influence performance of an organization -
...ANSWER...✓✓ -by improving organizational efficiency
-contributing to revenue growth

,2|Page



-enhancing employee capabilities and talents(goal
attainment)
-increase employee engagement
-ability to manage change


HRMs role in executing an organization's business
strategy - ...ANSWER...✓✓ HRM policies and strategies
must match with competitive environment and immediate
business conditions


Business Strategy - ...ANSWER...✓✓ defines how the firm
will compete in the market


Talent Philosophy - ...ANSWER...✓✓ system of beliefs
about how its employees should be treated
-diversity
-ethics
-time of careers
-viewment of employees


Employee Handbook - ...ANSWER...✓✓ document of the
organization's HRM policies and procedures that help

, 3|Page



employees learn the company's HRM (helps employees
easily research topics)


HRM is performed by - ...ANSWER...✓✓ professionals,
managers, individual employees, service centers, outside
vendors, employer organizations


HRM Systems - ...ANSWER...✓✓ technology based
platforms that help human resource management
professionals securely house sensitive employee records


3 specific ways HR can support organizations should it
choose to shift its culture- - ...ANSWER...✓✓


Sourcing - ...ANSWER...✓✓ is the process of identifying
qualified individuals and labor markets from which
to recruit


Recruiting - ...ANSWER...✓✓ refers to activities that
affect either the numbers or the type of people willing
to apply

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