The economic or productive potential of employee knowledge and actions is called
A. human capital.
B. labor capital.
C. social capital.
D. potential capital.
E. productivity capital.
A. human capital.
Human capital is the economic or productive potential of employee knowledge and actions. A present or future employee with the right combination of knowledge, skills, and motivation to excel represents human capital with the potential to give the organization a competitive advantage.
You might also like to view...
Chuck is one of the most popular employees in Tabitha’s group. He is sociable, assertive with his good ideas, and cooperative. However, Chuck is consistently late to work and has a messy desk. How would Tabitha describe Chuck using the Big Five model?
A. high on extroversion and agreeableness, and low on conscientiousness B. high on openness to experience and agreeableness, and high on conscientiousness C. low on extroversion and agreeableness, and low on conscientiousness D. high on extroversion and agreeableness, and low on neuroticism
Mary is interested in comparing life insurance policies. Rather than looking at the cost per thousand, she would like to compare the rate of return earned on the savings portion of the policy. Which of the following would be of the most interest to Mary?
A) the policy's Linton Yield B) the policy's surrender cost C) the policy's traditional net cost D) the policy's net payment cost
An agency contract appointing the agent for a period of more than one year does not have to be in writing
Indicate whether the statement is true or false
A person who assumes the risks associated with organizing and managing a completely new business venture is called a(n) ________
a. innovator b. entrepreneur c. chief financial officer d. chief operating officer