Which of the Following Statements Is True of Human Capital

question 39

Multiple Choice

Which of the following statements is true of human capital?

• A) Human capital is an organization's tangible asset.
• B) It is easy to imitate or purchase an organization's human capital.
• C) Motivation to deliver high-quality products and services is a part of human capital.
• D) Human capital is standardized in companies.

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Definitions:

Job Order Cost

A method of cost accounting that gathers the costs of manufacturing a specific batch or job, including labor, material, and overhead.

Manufacturing Overhead Rate

The ratio of manufacturing overhead costs to the base activity, used to allocate overhead costs to produced goods.

Machine Hours

A measure of production output or operation, calculated as the total number of hours that machinery is in use.

Overapplied Overhead

A situation in managerial accounting where the allocated manufacturing overhead costs are more than the actual overhead incurred.