Which of the Following Statements Is True

question 31

Multiple Choice

Which of the following statements is true?

• A) Firm-specific human capital adds to productivity in only one firm.
• B) Firm-specific human capital is equally productive in all industries in an economy.
• C) Firm-specific human capital is equally productive in all firms in a particular industry.
• D) Industry-specific human capital is equally productive in all industries in an economy.

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Definitions:

Injection Mold

A manufacturing process in which molten material is injected into a mold to produce parts or products of specific shapes and sizes.

Value-based Pricing

A pricing approach that sets the cost of a product or service according to its perceived worth to the consumer, rather than the expenses involved in its creation.

Preventive Maintenance

Scheduled maintenance on equipment or systems aimed at preventing unexpected failures or extending their life.

Target Costing

A pricing method that involves identifying the desired profit margin and market price, then working backward to determine the maximum cost that can be incurred on a product.