A Productivity Increase in One Operation That Does Not Improve

question 68

Multiple Choice

A productivity increase in one operation that does not improve overall productivity of the business is not

• A)worthwhile.
• B)trivial.
• C)competence-destroying.
• D)an order winner.
• E)an order qualifier.

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Definitions:

Economic Growth

The increase in a country's output of goods and services over time, indicated by a rise in real GDP.

Poor Countries

Nations with low levels of economic productivity, low living standards, and low levels of human development indices compared to other countries.

Capital Production

The creation of goods or services using capital goods, contributing to the productive capacity of an economy.

Production Possibilities Curve

A graphical representation showing the maximum combination of goods and services that can be produced with fixed resources and technology over a given period of time.