The Basic Equation Relating People and Equipment Is: Workers

question 63

True/False

The basic equation relating people and equipment is: Workers + Machines = Process Capabilities.What is lacking in this equation is the fact that people need training and teamwork to use technology effectively.

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Definitions:

Venture Capital

Financing that investors provide to startup companies and small businesses with long-term growth potential.

Accredited Investors

Investors who earn an annual income of more than $200,000 or have a net worth of more than $1 million.

Financial Performance

A measure of how well a company can use assets from its primary mode of business and generate revenues.

Market Rates

The prevailing price or cost of goods, services, or commodities as determined by the marketplace.