Developing New Products and Services,as Well as Introducing New Production

question 23

Multiple Choice

Developing new products and services,as well as introducing new production methods,are among the ways that __________ increase(s) average labour productivity.

• A) human capital
• B) physical capital
• C) technology
• D) entrepreneurs
• E) managers

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Definitions:

Agent's Signature

An agent's signature is the act of signing documents by a person (the agent) who has been authorized to act on behalf of another person or entity (the principal), indicating consent or agreement.

Negotiable Instrument

A written document guaranteeing the payment of a specific amount of money to a specified person or the bearer under particular terms.

Dishonored

Refused; specifically, a payment that has been refused despite a holder’s presenting an instrument in a timely and proper manner.

Refusal To Pay

The act of deliberately not making a payment that is due, typically in the context of bills, debts, or other financial obligations.