Assignment Questions 1. Define Human Resource Management. 2. What is the strategic importance of HRM to the organization? 3. Define the term Human Capital. 4. Differentiate between a firms financial capital and human capital. 5. What are the two things that result from an organizations job analysis process? 6. What is job description? 7. What is job specification? 8. What is the difference between forecasting internal supply and external supply of labor? 9. What do you understand from Equal Employment Opportunity? Explain. 10. What are the benefits of Equal Employment Opportunity Act? 11. Enumerate the steps involved in the selection process of Human resources. 12. What is compensation system? Differentiate between wages and salaries. 13. What is an incentive program? Give few examples. 14. What is the importance of training and development in the process of developing the workforce in the organization? 15. Explain the three different types of training programs. 16. What is performance appraisal?