Examlex
Generally accepted accounting principles require that,when the estimated useful life of a long-term asset is changed,previously-issued financial statements should not be revised.
Firm-Specific Human Capital
The competencies, knowledge, skills, and abilities that employees possess based on their tacit knowledge, and learned from experience and through mentorship in the organization.
Competitive Advantage
A state or feature that enhances a company's business standing, making it more successful than its competitors.
HR Forecasting
The process by which human resources departments predict the future needs of a company in terms of workforce requirements.
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.
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