The Basic Categories of Job Skills in Human Capital Theory

question 7

Multiple Choice

The basic categories of job skills in human capital theory are

• A)Productive skills and unproductive skills
• B)Capital-related skills and human-related skills
• C)General skills, occupational skills, and firm-specific skills
• D)Work skills, athletic skills, and social skills

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Definitions:

Contribution Margin

The amount by which the sale of a product or service exceeds its variable costs, contributing to covering fixed costs and generating profit.

Activity Rate

A measure used to quantify the level of activity or engagement in a particular process or system, often used in costing and efficiency analysis.

Materials Handling

The movement, protection, storage, and control of materials and products throughout manufacturing, warehousing, distribution, consumption, and disposal.

Cost Per Unit

The calculation of the cost to produce or acquire a single unit of product, including direct materials, labor, and overhead.