How Is Electronic Technology Expected to Increase Productivity in the Twenty-First

question 40

Multiple Choice

How is electronic technology expected to increase productivity in the twenty-first century?

• A)by shortening the time needed to develop new products
• B)by monitoring workers electronically
• C)by making greater use of unskilled labor
• D)by shifting work from stagnant to growing industries
• E)by letting plants work twenty-four hours per day

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in an open market.

Future Earnings

The projected income a company or individual is expected to generate in upcoming periods.

Investing Human Capital

The process of improving the workforce's skills and knowledge through education, training, and experience to enhance productivity and economic value.

Present Discounted Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in time value of money calculations.