Skills That Are Acquired Through Education, Experience, and Training and That

question 36

Multiple Choice

Skills that are acquired through education, experience, and training and that allow labor to be more productive are known as:

• A) physical capital.
• B) human capital.
• C) natural resources.
• D) financial capital.

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Definitions:

Organizational Culture

The collective values, beliefs, and norms that shape behaviors and practices within an organization, influencing its social and psychological environment.

Lower Turnover

The reduction in the rate at which employees leave a company, contributing to improved organizational stability and reduced costs for recruitment and training.

People-Friendly

Describes policies, environments, or products that are designed to be beneficial or easy to use for people.

Learning Organization

An organization skilled at creating, acquiring, and transferring knowledge, and at modifying its behavior to reflect new knowledge and insights.