Which of the Following Is Not Considered a Source of Increased

question 23

Multiple Choice

Which of the following is not considered a source of increased labor efficiency?

• A)Technological progress
• B)Reallocation of labor from less to more productive uses
• C)Changes in society's institutional and cultural setting and resulting public policies
• D)Increases in the capital-labor ratio

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Definitions:

Competitive Advantage

The unique attributes or circumstances that allow a company to produce goods or services better or more cheaply than its competitors.

Strategic Vision

A clear, inspiring long-term goal or direction for an organization, intended to guide its decision-making and strategic planning.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and help individuals understand the difference between right and wrong.

Cultural Audit

An examination of an organization's values, beliefs, and practices to assess its cultural environment and effectiveness.