Final answer:
The correct answer is option c. The person's efforts in networking at a business function contribute to their social capital, which is defined by nonmonetary resources such as social networks and shared experiences. This is fundamental for establishing trust and opportunities in the business environment, as opposed to human capital, which represents education and skills.
Step-by-step explanation:
When a person attends a business function with the aim of meeting people and strengthening relationships, they are investing in social capital. Social capital refers to the nonmonetary resources such as social networks, mutual acquaintances, shared cultural knowledge, or shared experiences that can provide social status and facilitate cooperation and trust among people. By attending such functions, an individual is nurturing their social relationships, which can lead to enhanced networking opportunities, partnerships, or career advancement.
Human capital, on the other hand, deals with the information, skills, education, and health that enable labor productivity. Education or training, for example, enhances a person's human capital by increasing their knowledge and skills, ultimately impacting their earning capacity. Both human and social capital are critical for personal and business growth, contributing to the overall economy.