Economists Refer to Expenditures on Training, Education, and Skill Development

question 28

Multiple Choice

Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as

• A) overhead expenditures.
• B) investments in human capital.
• C) sunk expenditures.
• D) social capital.

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Definitions:

Divisional Managers

Managers responsible for overseeing specific divisions within an organization, focusing on its performance and outcomes.

Profit Centers

Divisions or segments within a company that are directly responsible for generating its profits by making their own revenue and controlling their costs.

Corporate Executives

Senior management officials within a corporation, responsible for making major corporate decisions.

Profit Centers

Segments or areas of a business that are responsible for generating their own revenues and profits.