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.

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Definitions:

Non-Financial Performance Indicators

Metrics used to assess a company's performance and efficiency in areas not directly related to financial figures, such as customer satisfaction or employee turnover.

Production Process

A sequence of actions and operations involved in the transformation of raw materials into finished products.

Percentage Of Idle Time

A measure of the proportion of time that resources, such as machinery or labor, are not engaged in productive activity during a specified period.

Repeat Orders

Orders placed by customers who have previously purchased from a company, indicating customer satisfaction and loyalty.