Which of the Following Is an Example of Positive Technological

question 26

Multiple Choice

Which of the following is an example of positive technological change?

• A)A firm offers workers a higher wage to work on weekends and at night. As a result, the firm is able to increase its weekly production of surf boards.
• B)A firm buys an additional machine that it uses to make surf boards. As a result, the firm is able to increase its weekly production of surf boards.
• C)A firm conducts a new advertising campaign. As a result, the demand for the firm's surf boards increases.
• D)A firm's workers participate in a training program designed to increase the number of surf boards they can produce per day.

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Definitions:

Resource Consumption

The amount of resources used by an organization or process, often analyzed for efficiency improvements or environmental impact.

Idle Capacity

The portion of a company's resources or production capacity that is not being used in production but still incurs costs.

Activity-Based Costing

A costing methodology that assigns overhead and indirect costs to related products and services based on the activities they require.

Resource Consumption

The act of using resources, such as materials, time, and energy, in the process of producing goods and services.