All categories

1 year ago

The skills embodied in workers through experience, education and on-the-job-training are known as _____.

Business

1 answer:

PtichkaEL [24]1 year ago

6 0

The skills embodied in workers through experience, education and on-the-job-training are known as human capital.

<h3><u>What is human capital?</u></h3>

Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.
Individual incomes are significantly impacted by human capital. According to research, making investments in human capital pays off handsomely throughout youth and young adulthood.
Through education and training, for instance, businesses can invest in human capital, enabling higher standards of quality and output.

Paul Romer, who created the current innovation-driven approach to comprehending economic growth, was jointly awarded the 2018 Nobel Prize for Economics as a result of his conceptualization and modeling work incorporating Human Capital as a crucial aspect.

Know more about human capital with the help of the given link:

brainly.com/question/1415400

#SPJ4

You might be interested in

A bond's ______ is generally $1,000 and represents the amount borrowed from the bond's first purchaser. A bond issuer is said to

blondinia [14]

Answer:

Maturity value; Default; Sinking fund provision; Call provision.

Explanation:

Maturity value is the sum payable to an investor toward the finish of a debt instrument's holding period (maturity date).

Sinking fund provisions means a provision in some bond indentures requiring the backer to set cash aside to reimburse bondholders at maturity.

A call provision is a provision on a bond or other fixed-pay instrument that enables the guarantor to repurchase and resign its bonds.

8 0

3 years ago

Prepare a direct materials purchasing plan for January, February, and March, based on the following facts. Lana Gonzales owns a

larisa [96]

Answer:

January cost $702,200

February cost $812,200

March cost $950,400

Total Purchase cost

Particulars January February March

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

$ 702,200.00 $ 812,200.00 $ 950,400.00

Explanation:

R.M budget - blades

Particulars January February March April

Planned production 11000 13000 16000 12000

Blades req. per unit 4 4 4 4

Material req. for prod. 44000 52000 64000 48000

Add: Desired ending inventory 20800 25600 19200 0

Less: Beginning inventory 13000 20800 25600

Net units of blades req. 51800 56800 57600

Cost per blade $ 4.00 $ 4.00 $ 4.00

Purchase cost of blades $ 207,200.00 $ 227,200.00 $ 230,400.00

R.M budget - motor

Particulars January February March April

Planned production 11000 13000 16000 12000

Motor req. per unit 1 1 1 1

Material req. for prod. 11000 13000 16000 12000

Cost per motor $ 45.00 $ 45.00 $ 45.00

Purchase cost of motor $ 495,000.00 $ 585,000.00 $ 720,000.00

6 0

3 years ago

Suppose that the Lorenz Curve for the U.S. in 2019 lies completely below the Lorenz Curve for Switzerland in 2019. This implies

Yuki888 [10]

219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69219.100.37.69

5 0

2 years ago

Absorption and Variable Costing; Inventory Valuation Bondware Inc., has a highly automated assembly line that uses very little d

Agata [3.3K]

Answer:

Following are the response to the given question:

Explanation:

Cost of Goods Sold

Absorption costing $92000+440\times (520+460+180) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ = 602400$

Variable costing $78000+440\times (520+460) \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ =509200$

6 0

3 years ago

Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not

sineoko [7]

Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

7 0

3 years ago