The Economic Value of the Knowledge, Experience, Skills, and Capabilities

question 15

True/False

The economic value of the knowledge, experience, skills, and capabilities of employees refers to personal capital.

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Definitions:

Bandura's Theory

Refers to the social learning theory, which emphasizes the importance of observing, modeling, and imitating the behaviors of others.

Bandura

Refers to Albert Bandura, a psychologist who is best known for his social learning theory and the concept of self-efficacy.

Congressional Hearing

A formal meeting or session of a U.S. congressional committee to gather information, witness testimonies, or discuss legislation.

Observational Learning

Learning that occurs by watching the actions of others and the consequences of those actions, also known as social learning or modeling.