Improvements in Technology Will Shift the Production Possibilities Curve Outward

question 172

True/False

Improvements in technology will shift the production possibilities curve outward.

Identify specific managerial skills needed for supervisory roles.

Recognize the importance of effective communication in management.

Distinguish between different managerial functions such as planning, organizing, leading, and controlling.

Analyze the role of diversity and discrimination in the workplace and management's responsibility.

---

Definitions:

Defence

Legal arguments and evidence presented to counter a claim or accusation in a court of law.

Errors and Omissions

A type of professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions.

Strictly Liable

A legal principle where a party is held responsible for damages or loss, regardless of fault or intent.

Property Owner

An individual or entity that legally owns land, buildings, or both, holding rights to use, rent, sell, or manage the property as they see fit.