The Knowledge,skills,and Capabilities of Individuals That Have a Tremendous Impact

question 28

Multiple Choice

The knowledge,skills,and capabilities of individuals that have a tremendous impact on an organization's performance but do not show up directly on its balance sheet are known as:

• A)intellectual capital.
• B)human capital.
• C)core capital.
• D)employee capital.

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Definitions:

Normal Level

A baseline or standard level of activity, production, or operation, considered typical or expected under normal circumstances.

Standard Production Time

The amount of time that should reasonably be expected to manufacture a product under normal conditions.

Fringe Benefits

Additional benefits supplementing an employee's salary, such as health insurance, paid vacation, or a company car.

Freight Costs

Expenses incurred by a company to transport goods from one place to another.