Human Capital Refers To

question 33

Multiple Choice

Human capital refers to:

• A) the net present value of the future competencies of the workforce.
• B) the amount of money purchasers of the firm would pay for the continuing employment of the present workforce.
• C) the value-added that the firm's workforce contributes to each product produced or service rendered.
• D) knowledge and skills of the firm's work force.

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Definitions:

Responsive

The capacity to react quickly and positively to changes in the environment or market conditions.

Cost Effective

Achieving the desired outcome or result without wasting resources, particularly money, time, or effort.

Distribution Networks

The complex systems of relationships and pathways through which a product or service passes until it reaches the consumer, including warehouses, distributors, and retail outlets.

Supply Chain Objectives

The strategic goals set by a company to optimize its supply chain operations, which can include improving efficiency, reducing costs, and enhancing customer satisfaction.