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WGU C202 Managing Human Capital Ch1 questions with complete solutions
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WGU C202 Managing Human Capital Ch1 questions with complete solutions
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WGU C202 Managing Human CapitalCh1
Total Rewards - correct answer ✔✔the sum of all the rewards employees receive in exchange for their
time, efforts, and performance
Direct financial compensation - correct answer ✔✔compensation received in the form of salary, wages,
commissions, stock options, or bonuses
Human Resource Strategy - correct answer ✔✔links the entire human resource function with the firm's
business strategy
Indirect Financial Compensation - correct answer ✔✔all the tangible and financially valued rewards that
are not included in direct compensation, including free meals, vacation time, and health insurance
Human resource Management - correct answer ✔✔the organizational functions for attracting, hiring,
developing, rewarding, and retaining talent
human resource strategy - correct answer ✔✔links the entire human resource function with the firm's
business strategy
rewards & benefits - correct answer ✔✔the HR function that refers to the sum of all of the rewards
employees receive in exchange for their time, efforts, and performance
nonfinancial compensation - correct answer ✔✔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
strategic risk - correct answer ✔✔risk related to talent strategy, company culture, ethics, investments in
people, and the implementation of change initiatives
, competitive advantage - correct answer ✔✔doing something differently from the competition that leads
to outperformance and success
talent philosophy - correct answer ✔✔a system of beliefs about how a firm's employees should be
treated
staffing - correct answer ✔✔the HR that refers to the process of planning, acquiring, deploying, and
retaining employees that enables the organization to meet its talent needs and execute its business
strategy
business strategy - correct answer ✔✔defines how the firm will compete in its marketplace
training and development - correct answer ✔✔the HR function that refers to the growth of employee
capabilities through both formal and informal activities; also includes career planning, organizational
development, and legal compliance
operational risk - correct answer ✔✔risk related to the speed and the effectiveness of talent acquisition,
development of employees' skills, and the identification and retention of top performers
performance management - correct answer ✔✔the HR function that refers to aligning individual
employees' goals and behaviors with organizational goals and strategies, appraising and evaluating past
and current behaviors and performance, and providing suggestions for improvement
employee-management relations - correct answer ✔✔the HR function that refers to industrial relations,
more commonly known as unionized employment situation
employee handbooks - correct answer ✔✔print or online materials that document the organization's
HRM policies and procedures
financial risk - correct answer ✔✔risk related to an organization's workforce costs and productivity
directly through compensation, benefits, turnover, overtime, and time-to-hire and indirectly through
errors, accidents, delays, and lost production
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