Privatization Is

question 8

Multiple Choice

Privatization is:

• A)a term used in the private sector for a make decision.
• B)the term for outsourcing used in the public sector.
• C)used interchangeably with outsourcing in both the public and private sectors.
• D)the term used when entire operations are outsourced.
• E)the term used when entire operations are insourced.

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Definitions:

Human Capital Theory

A concept in economics that views employees' skills and knowledge as a form of capital that can be invested in for returns.

Generic Human Capital

Skills and knowledge that are not specific to a particular job or company but can be applied broadly across various industries and roles.

Firm-specific Human Capital

The unique skills and knowledge that employees develop, which are valuable and applicable specifically to the organization they work for.

External Human Capital Supply

The availability of potential employees outside the organization qualified to fill job vacancies or meet workforce requirements.