Education and Training Are Examples of Investment in Human Capital

question 74

True/False

Education and training are examples of investment in human capital.

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Definitions:

Asset Accounts

These accounts on the balance sheet represent the resources owned or controlled by a business, which provide future economic benefits.

Revenue Accounts

Accounts that track the income generated by a company from its normal business operations, such as sales of goods or services.

Debit Balances

Accounts in a company's ledger that have a positive balance in a debit account or a negative balance in a credit account, typically assets and expenses.

Liability

A financial obligation or debt that a company owes to another entity.