Questions: The economic or protective potential of employee experience, actions, and knowledge is referred to as human capital

The economic or protective potential of employee experience, actions, and knowledge is referred to as human capital
Transcript text: The economic or protective potential of employee experience, actions, and knowledge is referred to as human capital
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Solution

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Answer

The answer is human capital.

Explanation
Option 1: Reimbursement

Reimbursement refers to the compensation or repayment given to employees for expenses they have incurred on behalf of the company. It is not related to the economic or protective potential of employee experience, actions, and knowledge.

Option 2: Employee Development

Employee development involves activities and programs designed to improve employees' skills and knowledge. While it contributes to enhancing human capital, it is not the term used to describe the economic potential of employees' experience and knowledge.

Option 3: Human Capital

Human capital is the term used to describe the economic value of an employee's experience, actions, and knowledge. It encompasses the skills, education, and abilities that employees bring to an organization, which can contribute to its success and competitive advantage.

Option 4: Worker Skill

Worker skill refers to the specific abilities and expertise that an employee possesses. While it is a component of human capital, it does not encompass the broader economic potential of an employee's overall experience and knowledge.

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