Which of the Following Is True

question 20

Multiple Choice

Which of the following is true?

• A) Automated production processes are generally adopted regardless of whether they reduce costs.
• B) Automated production processes eliminate jobs and, thereby, endanger our future living standards.
• C) Cost-reducing automated production techniques will expand output directly and/or release scarce resources for the expansion of output in other areas.
• D) Use of the most advanced technology will always minimize the cost of a productive activity.

Understand the concept of mood contagion and how it affects interpersonal interactions.

Recognize the implications of mimicry and emotional support in social relationships.

Comprehend the role of social norms in facilitating smooth social interactions and their variation across cultures.

Identify the core components of culture and its transmission across generations.

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Definitions:

Competitive Today

The state of being able to maintain an edge over rivals in the current market through strategies, practices, and innovations.

Product/Service Quality

The degree to which a product or service meets or exceeds customer expectations in terms of performance, reliability, and satisfaction.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of a business venture in order to bring new products, services, or ideas to the market.

Ambiguity

The quality of being open to more than one interpretation; vagueness or uncertainty.