Productivity Tends to Be More Difficult to Improve in the Service

question 1

Multiple Choice

Productivity tends to be more difficult to improve in the service sector because the work is _________________.

• A)often difficult to automate .
• B)typically labor intensive .
• C)frequently individually processed and customised.
• D)often an intellectual task performed by professionals.

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Definitions:

Money

Any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

Issued

Issued generally refers to the official distribution or release of items such as documents, currency, or securities by an authoritative entity.

Declared

Stated or made known officially or publicly.

Unit Of Account

A standard numerical monetary unit of measurement of the market value of goods, services, and other transactions.