What is considered the single greatest asset and foundation for long-term success in an organization?

• Technology

• Employees

• Financial resources

• Marketing strategies

What does HRM stand for?

• Human Resource Management

• Human Resource Marketing

• Human Resource Manufacturing

• Human Resource Monitoring

What is the primary focus of the chapter on Human Resource Management?

• To explore financial management in small businesses

• To reveal the importance of people to a business

• To discuss marketing strategies for small businesses

• To analyze technological advancements in business

Which of the following is NOT mentioned as a requirement for a business to operate effectively?

• Skills

• Creativity

• Initiative

• Financial investment

What is the role of human resources in a business?

• To manage financial resources

• To operate within a business by completing tasks

• To develop marketing strategies

• To create technological advancements

What are human resources in a business context?

• The physical assets of a business

• The financial capital of a business

• The employees of a business

• The products of a business

Why is human capital considered important in small businesses?

• It represents the financial investments

• It directly impacts the working environment and business outcomes

• It includes the physical assets of the business

• It is the main source of revenue

What does HRM stand for?

• Human Resource Management

• Human Resource Marketing

• Human Resource Maintenance

• Human Resource Manufacturing

What are the three key elements of human resource management as shown in Figure 7.2?

• Knowledge, Skill, and Experience

• Knowledge, Skill, and Attitude

• Knowledge, Experience, and Attitude

• Skill, Experience, and Attitude

What is the key to Cosis Café's continued success?

• The large number of employees

• The great food and personalized service

• The high prices of their products

• The location of the café