Social Capital Is the Investment in Human Knowledge and Skills

question 46

True/False

Social capital is the investment in human knowledge and skills for future profit.

Understand the basis and components of Katz's three-skill model.

Appreciate the importance of technical, human, and conceptual skills in leadership.

Recognize the potential for leadership development through learning and experience.

Understand the categorization of properties for tax purposes based on their use.

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Definitions:

Theorists

Individuals who formulate theories or concepts in a particular field of study or aspect of human behavior.

Organic Structures

Organic structures refer to flexible, adaptive organizational structures that are characterized by low levels of formalization, decentralized decision-making, and a broad scope of control.

Mechanistic

Pertains to organizational structures that are highly formalized and centralized, with strict hierarchies and clear, rigid procedures.

Authority

The power or right to give orders, make decisions, and enforce obedience, often established by a position in a hierarchical organization.