Final answer:
The correct answer is D) Capabilities. Capabilities reflect organizational and managerial skills embodied in company structure, routines, and culture, leveraging various forms of capital, including human and cultural capital.
Step-by-step explanation:
Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to as capabilities. These include the way organizations harness their tangible and intangible assets, such as human capital, and utilize them effectively within their corporate structure.
Capital is a broader concept that encompasses different forms of resources used for production. Capital can be physical, such as buildings and equipment, or intangible, such as the skills and knowledge classified as human capital. Another form of capital is cultural capital, which includes competencies, skills, qualifications, and various assets individuals use to gain cultural authority or power in society.
Capital in its varied forms, including economic, social, cultural, and symbolic, plays a crucial role in creating and sustaining organizational capabilities, which ultimately contribute to a company's competitive advantage. The answer to the student's question is D) Capabilities.