The Increased Use of Automation and Less Use of the Work

question 144

Multiple Choice

The increased use of automation and less use of the work force in companies has caused a trend towards an increase in

• A) both variable and fixed costs.
• B) fixed costs and a decrease in variable costs.
• C) variable costs and a decrease in fixed costs.
• D) variable costs and no change in fixed costs.

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Definitions:

Planning Phase

The initial stage in the project management cycle where objectives are defined, tasks are identified, and plans are formulated to achieve goals.

Commodities

Fundamental products utilized in trade that can be exchanged with other products of identical kind.

Organizational Approach

A strategy or method employed by a company or institution towards achieving its goals, which involves structuring, managing, and optimizing its resources and processes.

Team Skills

The abilities and competencies that enable individuals to work effectively as part of a group.