Which of the Following Statements Regarding Human Capital Is INCORRECT

question 96

Multiple Choice

Which of the following statements regarding human capital is INCORRECT?

• A)Human capital is the accumulated skill and knowledge of human beings.
• B)Education is the only vehicle for the creation of human capital because training simply reinforces what has already been learned.
• C)The accumulation of human capital is the source of both increased labour productivity and technological advance.
• D)Writing and mathematics, the most basic of human skills, are crucial elements in economic progress.
• E)Human capital is the fundamental source of labour productivity growth.

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Definitions:

Net Income

The company's net income, calculated by subtracting all costs and taxes from its total earnings.

Original Capital Investment

The initial sum of money invested in a business venture, project, or asset, used to start or acquire the investment.

Salary Allowances

Additional benefits or compensations provided to employees on top of their regular salary, which may include housing, transport, or medical allowances.

Liquidation

The process of closing a business and distributing its assets to claimants, often done when a company is insolvent.