There Is a Reasonable Degree of Consensus on Each of the Following

question 27

Multiple Choice

There is a reasonable degree of consensus on each of the following propositions, EXCEPT:

• A)The major effect of new technologies is to transform existing jobs.
• B)High technology creates few jobs relative to the number of jobs it destroys.
• C)Organizations that effectively use high technology can compete more effectively.
• D)Technological innovations can increase productivity and product quality.
• E)Technological innovations reduce the hierarchy of authority in the workplace.

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Definitions:

Workers

Individuals engaged in any form of work, whether in formal employment, self-employment, or voluntary activities, contributing labor to an economy.

Marginal Product

The increase in output that results from employing one more unit of a specific input, keeping all other inputs constant.

Total Product

The total output of goods and services produced by a firm during a specific period of time.

Implicit Costs

The opportunity costs that arise from using resources that could have been employed in an alternative capacity, but do not involve a direct monetary payment.