If There Is a Change in the Ability of a Firm

question 80

Multiple Choice

If there is a change in the ability of a firm to produce a given level of output with a given level of inputs, we say there is

• A)human capital investment.
• B)technological change.
• C)an increase in labour productivity.
• D)a movement along a given per-worker production function.
• E)the accumulation of physical capital.

Understand the importance and application of technical skills across different management levels.

Recognize the influence of learning on personality traits and social needs.

Identify the components of social and interpersonal skills in effective management.

Analyze the relationship between leadership traits/skills and management effectiveness.

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Definitions:

So-Called

A term used to indicate that the word or phrase that follows is not an accurate or genuine description of the subject.

Phenylethylamine (PEA)

An organic compound that acts as a central nervous system stimulant in humans and is thought to elevate mood and promote feelings of attraction.

Testosterone

A steroid hormone that plays a key role in the development of male reproductive tissues and secondary sexual characteristics.

Lactic Acid

An organic acid produced in muscles during intense exercise, responsible for the sensation of muscle fatigue.