Which of the Following Are Human Capital and Physical Capital,respectively

question 100

Multiple Choice

Which of the following are human capital and physical capital,respectively?

• A)for an accounting firm: the accountants' knowledge of tax laws and computer software
• B)for a grocery store: grocery carts and shelving
• C)for a school: chalkboard and desks
• D)for a library: the building and the reference librarians' knowledge of the Internet

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Definitions:

FOB Destination

A shipping term indicating that the seller bears the shipping costs and retains ownership of the goods until they are delivered and accepted by the purchaser.

Ending Inventory

The combined worth of sales-ready goods at the close of a financial period.

Goods In Transit

Items that are in the process of being transported from one location to another, not yet reached the buyer or final destination.

Gross Profit

The financial metric that subtracts the cost of goods sold from sales revenue, representing the amount a company makes after covering the direct costs associated with production.