In Economics, Technology Only Refers to the Development of New

question 6

True/False

In economics, technology only refers to the development of new products.

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Definitions:

Management Functions

Management functions encompass planning, organizing, leading, and controlling organizational resources to achieve strategic goals.

Training And Development

A systematic approach to enhancing the knowledge, skills, and competencies of employees to improve organizational effectiveness.

Human Capital

Human capital represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or contribution to an organization.

Performance Management

The process of creating a work environment or setting in which people are enabled to perform to the best of their abilities.