Human Capital Is a Tangible Asset

question 46

True/False

Human capital is a tangible asset.

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Definitions:

Direct Labor

The compensation given to workers directly engaged in creating goods or services.

Direct Materials

Rephrase: The raw materials or components directly incorporated into a finished product, impacting the product's production process.

Manufacturing Overhead

All indirect costs associated with manufacturing, such as utilities, maintenance, and salaries not directly tied to production.

Direct Materials

Raw materials that are directly traceable to the production of a specific good or product.