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.

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Definitions:

Training

The process of enhancing skills, knowledge, and competencies, enabling individuals to perform effectively in their professional roles.

Succession Management

A strategic process of identifying and developing internal candidates to fill key leadership positions within an organization.

HR Functions

HR Functions refer to the various tasks and responsibilities handled by the Human Resources department, including recruitment, training, employee relations, and benefits management.

Outsourced

Describes work or services handed over to external providers or third-party companies instead of being conducted internally.