Final answer:
Firm-specific human capital is typically acquired through formal education at universities.
Step-by-step explanation:
Firm-specific human capital is typically acquired through formal education at universities. When students attend college, they invest in their human capital, which includes the knowledge, skills, and education necessary to perform specific tasks within a particular firm or industry.
For example, individuals who pursue a degree in accounting will gain firm-specific human capital related to financial analysis and reporting, auditing, and tax preparation. This knowledge and skillset make them valuable assets to accounting firms.
Therefore, the statement that firm-specific human capital is usually obtained through formal education at universities is true.