Q.(a) Explain the characteristics of Human Resource. (Any five)

(a) Human resource is a living, most valuable, developable, scarce resource whose performance depends on motivation. (b) The Key Managerial Personnel of a company are the CEO/MD/Manager, the Company Secretary, a Whole-time Director, the CFO, and other prescribed officers. (a) Characteristics of Human Resource — any five: 1. A living and active resource: human beings, unlike machines or materials, have emotions, attitudes, values and free will, so they must be handled with understanding. 2. Most valuable and dynamic asset: people put all other resources to use; the success of an organisation depends chiefly on the quality of its human resource. 3. Can be developed: unlike other resources that only wear out, human resource can be trained and developed so that its value and productivity actually increase over time. 4. A scarce resource: competent, skilled and talented people are limited in supply and difficult to replace, making human resource precious. 5. Performance depends on motivation and relations: their output rises or falls with motivation, morale, leadership and good human relations, not merely with orders. (b) Key Managerial Personnel (KMP) of a company: KMP are the officers at the top who are chiefly responsible for the day-to-day management of a company. They are: 1. Chief Executive Officer (CEO) / Managing Director (MD) / Manager — the person in overall charge of running the company. 2. Company Secretary — the officer responsible for legal compliance and company meetings. 3. Whole-time Director — a director employed full-time by the company. 4. Chief Financial Officer (CFO) — the officer in charge of the company's finance and accounts. 5. **Such ot …