Something That Would Contribute Directly to Improving Labour as a Factor

question 234

Multiple Choice

Something that would contribute directly to improving labour as a factor of production would be

• A) finding new oil reserves.
• B) better education for more of the population.
• C) increasing the purchasing power of employees.
• D) programs designed to decrease unemployment.
• E) finding more efficient ways to produce products.

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Definitions:

Process Controls

Mechanisms and procedures implemented to regulate and optimize the performance of processes within an organization.

Formalization

Is written documentation of work rules, policies, and procedures.

Total Quality Management

A holistic approach to long-term success that views continuous improvement in all aspects of an organization as a process and not as a short-term goal.

Centralization

The degree to which the authority to make decisions is restricted to higher levels of management.