Which term best describes the economic value of the abilities, skills, and competencies of a company's work force?
A)Company overhead
B)People management
C)Human resources
D)Human capital

Question

Quizplus · Accepted Answer

Human capital is defined as the economic value of the skills, abilities, and competencies of the company's work force.
Key Takeaway: Often, it is difficult to place a value on the human capital within an organization. However, many companies are starting to realize that the human element (including the skills and abilities) do represent a real monetary value. Human capital is one method to help a company evaluate the monetary value of their people.

Which Term Best Describes the Economic Value of the Abilities