Human Capital

question 42

Multiple Choice

Human capital

• A)can be thought of,metaphorically,as the quality of society's textbooks,whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.
• B)is more tangible than physical capital.
• C)is an input in the production of goods and services.
• D)is the same as the quantity of labor.

Appreciate the significance of truthfulness in advertising and the requirement for ad substantiation.

Know the legal distinctions between puffery and deceptive advertising.

Understand the international aspects and variations in consumer protection laws.

Recognize the rights of consumers under specific acts like the Equal Credit Opportunity Act and the Truth in Lending Act.

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Definitions:

Job Description

A formal account of an employee's responsibilities, duties, and the requirements for a specific position.

Effective Recruitment And Selection

The process of identifying and hiring the best-qualified candidates from within or outside of an organization in a timely and cost-effective manner.

Job Analysis

Job analysis is the systematic process of collecting and examining information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.

Sales Management

The process of developing a sales force, coordinating sales operations, and implementing sales techniques that allow a business to consistently hit, or surpass, its sales targets.