Which of the Following Items Are Considered Physical Capital

question 80

Multiple Choice

Which of the following items are considered physical capital?
i. shares of Ford traded on the NYSE
ii. the production line at the Saturn plant in Tennessee
iii. the windshields at the Saturn plant in Tennessee
iv. the salaries paid to Ford executives

• A) ii and iii
• B) i, ii and iii
• C) i and iv
• D) i, ii and iv

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Definitions:

Labor-Management Involvement

The process where both labor (employees or their unions) and management actively participate in addressing and resolving workplace issues together.

Quality Circles

Small groups of employees who voluntarily come together to identify, analyze, and solve work-related problems, aiming to improve the quality of their output.

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental changes over time.

Quality of Work Life

A concept that encompasses a variety of factors affecting job satisfaction and overall well-being in the workplace, including working conditions, job security, and opportunities for advancement.