In a Firm, If the Employees Attend a Training Program

question 10

Multiple Choice

In a firm, if the employees attend a training program, then the time to assemble one unit reduces by 10%. Training program will
A. increase the labor productivity only
B. increase the multifactor productivity only
C. increase both labor and multifactor productivity
D. decrease capital productivity
E. have no effect on productivity.

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D
• E) Choice E

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Definitions:

Descriptive Statistics

Statistical methods that summarize and describe the features of a dataset, including measures such as mean, median, mode, and standard deviation.

Study Group

A group of individuals participating in a research study or an educational activity aimed at learning or investigating a particular topic.

Take Notes

The practice of writing down important information from a lecture, book, or any other source to facilitate learning and recall.

Descriptive

Relating to the process of describing, illustrating, or detailing the characteristics of a dataset.