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Alenkinab [10]
3 years ago
12

What is the difference between human capital and capital goods?

Business
1 answer:
Furkat [3]3 years ago
3 0

Answer:

Capital goods are different from financial capital, which refers to the funds that companies use to grow their businesses. Natural resources not modified by human hands are not considered capital goods, although both are factors of production. ... That means capital goods do not directly create revenue like consumer goods. Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization. Human capital is the economic value of the abilities and qualities of labor that influence productivity. These qualities include higher education, technical or on-the-job training, health, and values such as punctuality. Investment in these qualities improves the abilities of the labor force.

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Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number
IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= Production\ in\ one\ hour\times No.\ of\ hours

= 12\times 8

= 96 gallons

The number of workers required to produce 960 gallons per day

= \frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}

= \frac{960}{96}

= 10 workers

6 0
3 years ago
Discuss the importance of understanding unique characteristics of an organization and selecting the right blueprints, frameworks
FromTheMoon [43]

Explanation:

This task of understanding the unique characteristics of an organization and selecting the effective models and structures to meet its unique needs, can be addressed through management planning. This is a type of planning that can be understood in the micro context of the organization, this is understood as the implementation of what was defined in strategic planning, through management planning are defined what are the essential resources that will help the company to achieve its goals. objectives and missions.

It integrates what needs to be done, by whom, when and at what cost.

3 0
3 years ago
Which of the following is another name for hard skills?
Yakvenalex [24]

Answer:

Management skills is the answer

5 0
3 years ago
Read 2 more answers
What is e-commerce ? definition
abruzzese [7]

Answer:

Ecommerce, or electronic commerce, is a term that’s used often in sales discussions these days. Product sellers and service providers can increase sales through online commerce and boost revenue with ease. Selling online is a popular sales method, worldwide.

Explanation:

Hope it helps!

4 0
3 years ago
If the fed wants to increase the money supply through an open market operation, it will:_____.
Snowcat [4.5K]

Answer

Purchase government securities

Explanation:

When a central bank wants to increase money supply, a key tool in the open market operation is to sell purchase government securities. With this, they give out money to the economy increasing money supply.

4 0
2 years ago
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