Three Commonly Used Productivity Variables Are

question 14

Multiple Choice

Three commonly used productivity variables are

• A) quality, external elements, and precise units of measure.
• B) labour, capital, and management.
• C) technology, raw materials, and labour.
• D) education, diet, and social overhead.
• E) quality, efficiency, and low cost.

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Definitions:

Social and Economic

Pertaining to the interactions between societal structures and the economic activities within a community or nation.

Canada's Labor Relations

The system and standards that govern the interaction between employers and employees in Canada, including unions and collective bargaining.

Convergence Theory

A hypothesis suggesting that societal and economic systems of different countries will grow more similar over time due to globalized trade and cultural exchanges.

Divergence Theory

A conceptual framework suggesting that differences in economic development, cultural practices, or societal norms will increase over time between groups or regions.