In the Context of Human Resource Management, Human Capital Refers

question 105

Multiple Choice

In the context of human resource management, human capital refers to the

• A) wages, benefits, and other costs incurred in support of HR functions in an organization.
• B) cash, equipment, technology, and facilities that an organization uses.
• C) tax-deferred value of an employee's 401(k) plan.
• D) organization's employees, which add economic value to the company.
• E) total budget allocated to the HR department in an organization.

---

Definitions:

External Forces

Factors outside an organization that can impact its performance, such as economic conditions, competition, and regulatory changes.

Impact

The effect or influence of one thing on another; the outcome or result of a particular action or event.

System

A collection of interrelated parts working together for a purpose.

Unfreezing Stage

The initial phase in the change process where existing behaviors, norms, attitudes, or practices are challenged to prepare for change.