Answer: Human capital
Explanation:
Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value. Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative. Companies can invest in human capital for example through education and training enabling improved levels of quality and production . Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills. This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
The concept of human capital recognizes that not all labor is equal. But employers can improve the quality of that capital by investing in employees the education, experience, and abilities of employees all have economic value for employers and for the economy as a whole . In the case for Jack , 35 years of experience is very valuable human capital and also Jack’s skill are very scarce in general , so the company is losing .
Answer:
In the explanation is the proper point of view of how important the finance department is for every company.
Explanation:
To begin with, the quote is absolutely true. In order to be able to manage a successful business that can project future incomes, expectations and more they will need to have a good control and manage of the finances of the company. Moreover, the finance department inside every company is the one that decides how much is able to spend in marketing, in production and more because they have the calculations of every aspect that the company needs to know when it comes to terms of costs, incomes, inflation and expectation of future profits and more. So that is why that the quote is right, the finance plays a critical role when it comes to manage a business properly so that a superior and consistent performance can take place.
The most likely effect is that it will most likely deter unethical behavior among top-level managers.
<h3>What is Ethics?</h3>
This refers to the moral principles that guide an individual's behavior and conduct of activity.
Hence, we can see that based on the creation of a board of directions that tightens up corporate governance mechanisms, there would be stronger boundaries that will deter unethical behavior among top-level managers.
Read more about ethics here:
brainly.com/question/24606527
Explanation:
The formation of groups of individuals is natural in any environment. In the organizational environment, groups can be formed according to social needs or achievement of organizational objectives and goals. People create groups so that they can interact with each other, exchange experiences, talk, work together and form social bonds.
<u>Formal groups</u> are those created by an authority whose objective is to integrate activities to achieve goals.
<u>Informal groups</u> are those formed by the people themselves, according to affinities, and attitudes.
Informal groups should be analyzed by managers more carefully, as the form of relationship between participants in an informal group can directly impact performance and organizational culture. Therefore, it is necessary that the manager helps the groups to develop social circles, which are necessary for motivation at work and a healthy organizational environment, but that present rules of conduct regarding ethics and behavior in the workplace.
Answer:
Disintermediation
Explanation:
Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions. Instead of going through traditional distribution channels, which had some type of intermediary (such as a distributor, wholesaler, broker, or agent), companies may now deal with customers directly, for example via the Internet.
Disintermediation may decrease the total cost of servicing customers and may allow the manufacturer to increase profit margins and/or reduce prices. Disintermediation initiated by consumers is often the result of high market transparency, in that buyers are aware of supply prices direct from the manufacturer. Buyers may choose to bypass the middlemen (wholesalers and retailers) to buy directly from the manufacturer, and pay less. Buyers can alternatively elect to purchase from wholesalers. Often, a business-to-consumer electronic commerce (B2C) company functions as the bridge between buyer and manufacturer.
However manufacturers will still incur distribution costs, such as the physical transport of goods, packaging in small units, advertising, and customer helplines, some or all of which would previously have been borne by the intermediary. To illustrate, a typical B2C supply chain is composed of four or five entities. These are the supplier, manufacturer, wholesaler, retailer and buyer.