Define the Term "Human Capital

question 73

Essay

Define the term "human capital".Describe how it differs from other forms of capital organizations management.Suggest 2 ways HRM and line managers build human capital in organizations.

Recognize the influence of modernity on well-being and the paradox of progress.

Understand the concept of risk aversion and how it influences investment decisions.

Apply the rule of 70 to determine investment growth or the doubling time of an investment.

Interpret utility functions and their implications for decision-making under uncertainty.

---

Definitions:

Trafficked

The movement of people or goods illegally, often involving coercion or deception, for purposes such as forced labor or sexual exploitation.

Profit

The financial gain obtained when the amount earned from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Birth Control Pill

A medication taken orally by women to prevent pregnancy, functioning through the regulation of hormones to inhibit ovulation and other fertility factors.

Tubal Ligation

Tubal Ligation is a surgical procedure for female sterilization involving the sealing, tying, or cutting of the fallopian tubes to prevent eggs from reaching the uterus for fertilization.