The Replacement Ratio Is Defined as

question 32

Multiple Choice

The replacement ratio is defined as

• A) The cost of replacing a worker
• B) The cost of employing a new worker relative to the value of output they could produce
• C) The cost of replacing capital relative to the book value of existing capital
• D) Unemployment benefit as a share of previous earnings
• E) None of the above

---

Definitions:

Technique

A particular method or way of doing something, often implying skillfulness and efficiency in performance or execution.

Enterprise Resource Planning

A type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.

Ongoing Process

Describes a continuous operation or activity that is part of the regular functioning of a system or organization.

Best Processes

The most efficient and effective methods for accomplishing tasks and achieving objectives within an organization.