What Is the Overall Term Used to Describe the Value

question 75

Multiple Choice

What is the overall term used to describe the value of knowledge,skills,and capabilities that may not show up on a company's balance sheet but nevertheless have tremendous impact on an organization's performance?

• A)human capital
• B)core competencies
• C)knowledge capital
• D)stakeholder value

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Definitions:

Living Standards

The level of wealth, comfort, material goods, and necessities available to a person, group, or society.

Economic Rationality

The assumption that individuals make decisions based on the best possible benefit to themselves, considering available information and costs.

Unpaid Volunteer Work

Labor that individuals provide without financial compensation for the benefit of their community or society.

Individual Choice

The decisions made by individuals based on their preferences and constraints.