Which of the Following Statements Regarding Human Capital Is INCORRECT

question 32

Multiple Choice

Which of the following statements regarding human capital is INCORRECT?

• A) Human capital is the accumulated skill and knowledge of human beings.
• B) Education is the only vehicle for the creation of human capital because training simply reinforces what has already been learned.
• C) The accumulation of human capital is the source of both increased productivity and technological advance.
• D) Writing and mathematics, the most basic of human skills, are crucial elements in economic progress.

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Definitions:

Continuous Improvement

A management philosophy that focuses on making ongoing efforts to improve products, services, or processes.

Culture

The collective attitudes, customs, values, and practices that characterize a group, organization, or society.

Reactive Change

Modifications or adjustments made in response to external pressures or unforeseen events, rather than through proactive planning.

Lay Off

The temporary or permanent suspension or termination of employment of an employee or group of employees due to business reasons like lack of work or economic downturns.