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:

Experiential Learning

A learning approach based on students actively engaging in experiences that enhance their knowledge and skills.

Cost Reduction

Strategies or actions taken by a company to decrease its expenses and improve profitability.

On-The-Job Training

A hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace.

Most Widely Used

A phrase indicating the common acceptance or popularity of a product, method, or practice across a wide range of users or applications.