Examlex
When compared with which of the following,the EVA of an investment center will be more meaningful?
Surplus Labor
The portion of the labor force that exceeds the amount of labor needed to produce a given level of output, often leading to unemployment.
Capital-Saving Investment
Investments made to increase efficiency or reduce the capital required for production without reducing output.
Technological Advance
It refers to the development and application of new technologies and innovation, which can improve efficiency, productivity, and capabilities in various sectors.
Per Capita Outputs
The average output produced per person in a given area or country, often used as a measure of productivity or economic performance.
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