Which of the Following Is Not One of the Three

question 55

Multiple Choice

Which of the following is not one of the three sources of technological change?

• A)additional amounts of existing capital
• B)better machinery and equipment
• C)increases in human capital
• D)better means of organizing and managing production

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Definitions:

Process Further

The decision-making process regarding additional operations on a product based on cost and value-added considerations.

Sell Now

A directive or decision to sell an asset or product immediately, often due to market conditions.

Book Value

The net value of an asset as recorded on the balance sheet, calculated as the asset's cost minus any depreciation, amortization, or impairment costs.

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered, and should not affect future business decisions.