Question : The "cost of human capital" includes:
Option 1: The salary paid to employees
Option 2: The financial investment in education and training
Option 3: The cost of healthcare services
Option 4: The market value of human resources in a company
Answer (1)
20th Jan, 2024
Correct Answer: The financial investment in education and training
Solution : The correct answer is (b) The financial investment in education and training.
The "cost of human capital" refers to the expenses incurred in developing and enhancing the knowledge, skills, and abilities of individuals. This includes the investment made by individuals, organizations, or society in education, training programs, skill development initiatives, and other forms of human capital development.
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