Q708
Human Life Value concept measures the value of a human life on the basis of his
A.
Gross earnings
B.
Net earnings
AnswerC.
Total earnings
D.
Expenses
Answer: Option B
Solution
Answer: Option B
Solution:
Human Life Value concept measures the value of a human life on the basis of his Net earnings. The human life value concept deals with human capital, which is a person's income potential. It goes beyond just the numbers and considers the overall impact of losing someone, especially the breadwinner.