Human Capital

question 235

Multiple Choice

Human capital:

• A)consists of man-made resources such as buildings and machines.
• B)is the improvement in labor created by education and knowledge that is embodied in the workforce.
• C)has become less important due to the progress in technology.
• D)is the improvement in labor created by education, which has become less important due to the progress in technology.

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Definitions:

Simplify

To reduce something to its most basic or uncomplicated form, making it easier to understand or deal with.

R

Often used as a symbol representing the interest rate or rate of return in financial equations.

Budgeted Sales

The projected amount of sales revenue a company expects to earn over a specific period, often used for planning purposes.

Actual Sales

The real revenue generated from goods or services sold, measured within a specific period.