Which of the Following Is the Best Example of the Acquisition

question 103

Multiple Choice

Which of the following is the best example of the acquisition of human capital?

• A)A worker takes a training course that increases his/her productivity.
• B)A worker receives new machinery enabling him/her to do the amount of work that was formerly done by two workers.
• C)A worker communicates more quickly and accurately with suppliers because of upgrades to communications software.
• D)A government-sponsored program increases the amount of investment available per worker.
• E)A computer chip manufacturer introduces a faster processor for micro-computing.

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Definitions:

Marginal Cost Pricing

Setting the price of a good or service equal to the additional cost of producing one extra unit. This strategy is often used to achieve efficiency in markets.

Uneconomic Substitution

Involves replacing one factor of production with another in a way that leads to inefficient or increased costs.

Creative Accounting

The manipulation of financial records and reports to give a more favorable image of a company's financial position than is justified.

Regulation

involves the establishment of rules or laws designed to control or govern conduct, typically enacted by a government body.