________ Is Based Primarily on the Use of Automated Machines

question 168

Multiple Choice

________ is based primarily on the use of automated machines that are programmed to perform the same operations time and time again.

• A) Process technology
• B) Functional technology
• C) Information technology
• D) Mass-production technology

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Definitions:

Human Capital

The collective skills, knowledge, abilities, health, and motivations of individuals that contribute to their economic value in the workforce.

Tangible Asset

Physical assets that can be seen and touched, such as machinery, buildings, and inventory.

Unskilled Workers

Laborers who possess no specific training or specialized skills and are typically employed in tasks that involve simple, routine activities.

Technology's Effect

The impact that advancements and applications of technology have on various aspects of society, businesses, and individual day-to-day activities.