1. What do you understand by the term ‘Liability’? 2. What is Human Resource? How is it different from Human Capital? 3. Read the below and do the given question in the image. 4. Read the text and prepare two concepts map for the two stories given below. - The story of Sakal and The story of Vilas (From the chapter, People as a resource of class 9)
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- The state of being legally responsible for something.
- (1) Human resources is the set of the people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge which the individuals embody. Similar terms include manpower, labour, personnel, associates or simply people.
- (2)Human capital management (HCM) is an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment. Human resources is a general term used to represent the people element within organizations.
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