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: 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.

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Business

Cale Andrews

24 December, 05:28

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: 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.

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Pinto · Answer 1

human capital is more important than financial capital

Explanation:

To Steve human capital is the building blocks of the foundation of the company. The financial capital can be sourced from various sources but human capital takes time and effort to produce qualitative results which can't be replaced easily.