The knowledge,education,training,skills,and expertise of a firm's workers are known as
A) management's philosophy.
B) human capital.
C) physical capital.
D) production capital.
E) cultural diversity.

Question

Quizplus · Accepted Answer

The term human capital refers to the knowledge, education, training, skills, and expertise of a firm's workers. It is an important factor that contributes to a company's success and competitiveness. It is different from physical capital (such as buildings, machinery, and tools) and production capital (such as raw materials and inventory). Cultural diversity is also important, but it is not the same as human capital. Management's philosophy may influence how a company views and manages human capital, but it is not the same as human capital itself.

The Knowledge,education,training,skills,and Expertise of a Firm's Workers Are Known as