Human Capital Refers To

question 33

Multiple Choice

Human capital refers to:

• A) the net present value of the future competencies of the workforce.
• B) the amount of money purchasers of the firm would pay for the continuing employment of the present workforce.
• C) the value-added that the firm's workforce contributes to each product produced or service rendered.
• D) knowledge and skills of the firm's work force.

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Definitions:

Leadership Substitute

Alternatives to traditional leadership that can fulfill the role of guiding or influencing a group, such as technology or organizational structures.

Organizational Politics

Activities within an organization aimed at improving someone's status or position, often through means other than merit or performance.

Long Hours

Extensive work periods that exceed the standard workday or workweek, often due to high job demands.

Overtime Pay

Compensation received for hours worked in excess of the standard working hours, typically at a higher pay rate than regular hours.