Human Capital Represents

question 69

Multiple Choice

Human capital represents:

• A)the equipment that labor uses on-the-job to improve labor productivity.
• B)the ratio of capital to labor.
• C)the education,skill,and training embodied in workers.
• D)the technology developed by humans that is embodied in equipment.
• E)the social institutions created by people which promote the accumulation of equipment for production.

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Definitions:

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from total assets.

Historical Cost

The actual cost of an asset at time of purchase.

Legal Liability

Obligations under the law arising from civil actions or claims against an entity or individual, encompassing contractual obligations and tort claims.

Limited Life

A concept depicting that an entity or asset has a finite operational life or duration of existence.