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Corcetti Company manufactures and sells prewashed denim jeans.Large rolls of denim cloth are purchased and are first washed in a giant washing machine.After the cloth is dried,it is cut up into jean pattern shapes and then sewn together.The completed jeans are sold to various retail chains.
-Which of the following terms could be used to correctly describe the cost of the thread used to sew the jeans together?
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.
Physical Capital
Tangible assets used in the production of goods and services, such as machinery and buildings.
Generates Output
The process of producing or delivering a result, product, or service from a set of inputs or processes.
Undertaking Project
The process of planning, executing, and completing a project with specific goals and objectives.
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