Advances in Computerized Systems, Technological Innovation, Global Competition, and Automation

question 45

Multiple Choice

Advances in computerized systems, technological innovation, global competition, and automation have changed the manufacturing environment drastically by

• A) increasing direct labor costs and increasing overhead costs.
• B) increasing direct labor costs and decreasing overhead costs.
• C) decreasing direct labor costs and decreasing overhead costs.
• D) decreasing direct labor costs and increasing overhead costs.

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Definitions:

Labor-Force Participation Rate

The percentage of the population that is either employed or actively looking for employment.

Labor Underutilization

A situation where available labor resources are not being used efficiently, leading to unemployment or underemployment.

Discouraged Workers

Individuals who are not actively seeking employment due to believing there are no jobs available for them.