During a meeting a CEO makes the following statement. During a meeting, a CEO makes the following statement. Is there an error in the statement? If yes, explain."We need to invest more into both human capital and physical capital, while also cutting costs, such asshortening the employee-training programs and reducing the Christmas bonuses."O aObO COdYes, there is an error in the statement. Shortening the employee-training programs would cut back on human capital instead ofthe stated goal of investing more in it.Yes, there is an error in the statement. It is not possible to invest in both human capital and physical capital at the same time sinceany investment in one type of capital is a reduction in the other.No, there is no error in the statement.Yes, there is an error in the statement. Reducing the Christmas bonus would cut back on physical capital instead of the stated goalof investing more in it.

As this question is optional type so the following one line answer are mention below in step 2.

Answered: During a meeting a CEO makes the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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