Question

Steve leads the administrative department of Mayo Pvt. Ltd. He encourages people to perform to their maximum potential by providing support and regular feedback. He ensures that the opinions of his team members are considered before a decision is taken. He does not believe in rigidity and inviolate procedures. In the context of the given scenario, Steve holds that:

Answer 1

Answer: human capital is more important than financial capital.

Step-by-step explanation:

The options are:

a) wealthy employees should be given more power.

b) people at the bottom of the organizational hierarchy should have no power.

c) human capital is more important than financial capital.

d) tangible assets form the financial basis of today's economy.

Human Capital simply meaesure the education, attributes, skills, and capacity of labour that nfluence production.

In the context of the given scenario, we can infer that Steve holds that human capital is more important than financial capital. This can be seen as he supports his workforce and carry them along in the organization.