Social Capital Is Distinct from Human Capital

question 8

Multiple Choice

Social capital is distinct from human capital.Social capital is best described as the:

• A)sum total of the skills,talents,abilities,and education of a person's achievements.
• B)organizational strategy of making sure that every team member has sufficient resources to perform their jobs.
• C)practice of more talented team members educating less talented team members.
• D)value that people add to their teams and organizations through their ties and relationships to other people.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or with volume of services provided.

Fixed Costs

Fixed costs are expenses that do not vary with the level of production or sales within a certain range, such as rent, salaries, and insurance.

Automated Machine

A machine operated with minimal human intervention, typically using computer-controlled systems.

Margin of Safety

The difference between actual or projected sales and the break-even point, indicating the extent to which sales can drop before a business incurs a loss.