Labour Productivity Grows as

question 14

Multiple Choice

Labour productivity grows as

• A)consumption expenditure increases.
• B)depreciation increases.
• C)physical capital grows.
• D)human capital grows.
• E)both C and D are correct.

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Definitions:

Decentralized

Refers to the dispersion or distribution of functions and powers away from a central location or authority.

Decision Rights

The authority granted to individuals or groups to make choices regarding the allocation of resources, execution of tasks, or direction of strategies.

Relevant Information

Data or facts that can influence the outcome of a decision and should be considered when making choices.

Organizational Design

The process of structuring an organization in terms of its workflow, systems, and processes to achieve its objectives and maximize efficiency and effectiveness.