Human Capital Refers to Which of the Following

question 165

Multiple Choice

Human capital refers to which of the following?

• A)the quantity of goods and services that can be produced by one worker or by one hour of work
• B)the accumulated knowledge and skills workers acquire from education and training or from their life experiences
• C)manufactured goods that are used to produce other goods and services
• D)physical equipment that is made by human labourers, not machines
• E)the number of workers that apply for a specific job or can be hired on short notice

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Definitions:

Common Shares Outstanding

The total number of shares of common stock that are issued and actively held by shareholders, excluding treasury shares.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.

Allowance For Bad Debts

An estimate of the amount of credit sales that are expected not to be collected, which is subtracted from total receivables in a company's financial statements to show a more accurate picture of net revenue.

Sales Volume

The total quantity of sales of a product or service within a specified period.