2. Under Historical Approach of valuation of human resources, the value of human resources is shown in the financial statement at the:

Capitalised value of salary and wages payable in a year by the concern
Capitalised value of salary and wages payable in a year by competitive concerns
Capitalised value of the amount spent on recruitment, Training and development of employees
Capitalised value of security money placed by employees

Detailed SolutionUnder Historical Approach of valuation of human resources, the value of human resources is shown in the financial statement at the:

5. Match the items of List-Il with the items of List-I relating to Personnel Management (PM) and Human Resource Management (HRM). Select the correct answer. List-I List-II a. Focus of personnel management 1. Development attitude by making people contribute their best b. Focus of HRM 2. Exercising it as a functional area of management c. Philosophy of PM 3. Exercising it as humane management d. Philosophy of HRM 4. Profit maximization by controlling people

a-2, b-3, c-4, d-1
a-3, b-2, c-1, d-4
a-4, b-1, c-2, d-3
a-1, b-3, c-4, d-2

Detailed SolutionMatch the items of List-Il with the items of List-I relating to Personnel Management (PM) and Human Resource Management (HRM). Select the correct answer. List-I List-II a. Focus of personnel management 1. Development attitude by making people contribute their best b. Focus of HRM 2. Exercising it as a functional area of management c. Philosophy of PM 3. Exercising it as humane management d. Philosophy of HRM 4. Profit maximization by controlling people

7. Examine the following statements and choose the correct answer. Assertion (A) Human resource planning must always be seen within the strategy making context. Reason (R) Human resource planning process removed from the realities of the business will be a waste of time.

Both (A) and (R) are correct
Both (A) and (R) are incorrect
(A) is correct, but (R) is incorrect
(A) is not correct, but (R) is correct

Detailed SolutionExamine the following statements and choose the correct answer. Assertion (A) Human resource planning must always be seen within the strategy making context. Reason (R) Human resource planning process removed from the realities of the business will be a waste of time.