Name, define, and describe the three main aspects of human capital that enhance competitive advantage.
What will be an ideal response?
The three main aspects are value, rareness, and imitability. Human capital value is
the way employees work toward the strategic goals of an organization to achieve
competitive advantage. Human capital rareness is the skills and talents of an
organization’s people that are unique in the industry. For example, if it is difficult to hire
employees with a specific skill set or certification, then this enhances the competitive
advantage for the organization. Human capital imitability is the degree to which the skills
and talents of employees can be emulated by other organizations. For example, if an
employee’s skill is difficult to imitate by employees in other organizations, then it
enhances the competitive advantage for the employee’s organization.
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Robin is very worried about potentially having to lay off several of her staff. She can't sleep well, her stomach is bothering her, and she snaps at her employees. She doesn't know what to do but won't talk with anyone about it. Robin is experiencing a ______ reaction to a challenge.
A. relaxed change B. defensive avoidance C. panic D. deciding to decide E. heuristic
It is acceptable to record cash received in advance of providing products or services to revenue accounts if an adjusting entry is made at the end of the period to bring the liability account balance to the correct unearned amount.
Answer the following statement true (T) or false (F)
When producing an MPR plan, an MPR professional evaluates a firm's positioning and resources before defining the problem
Indicate whether the statement is true or false
During his performance appraisal, Julian mentioned that he was having difficulty keeping client records up to date because the computer system was antiquated. As a result, the department decided to replace both the software and hardware in Julian’s department. As a result, Julian’s department’s performance increased. This is an example of the _______ reason for conducting performance appraisals.
A. communication B. decision making C. motivation D. ranking E. punishing