Developing Human Capital Is Essential to Maintaining a Competitive Advantage

question 88

Multiple Choice

Developing human capital is essential to maintaining a competitive advantage in the current knowledge economy.Efforts and initiatives to develop human capital should be directed

• A) at top managers.
• B) at human resource departments.
• C) throughout the firm at all levels.
• D) at the employees themselves.

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Definitions:

Transactions Recorded

The process of documenting financial or commercial activities to maintain an accurate account of business operations.

Accounting Equation

A fundamental principle in finance representing the relationship: Assets = Liabilities + Equity.

Assets

Resources owned or controlled by a company, expected to produce future economic benefits.

Equity

The value of an ownership interest in property, including shareholders' equity in a business.