Define the Terms Monitoring and Control

question 72

Essay

Define the terms monitoring and control.

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Definitions:

Human Capital

The collective skills, knowledge, and expertise that employees bring to their workplace, contributing to its value and performance.

Economic Value

The worth of a good or service determined by the benefits it provides weighed against its cost.

Job-relevant Knowledge

Information and understandings that are directly applicable to performing tasks and responsibilities in a specific job context.

Skills

The abilities or expertise acquired through training or experience that enable an individual to perform tasks effectively.