Operations Technology Is the Combination of Machines, Artifacts, Procedures, and Systems

question 23

True/False

Operations technology is the combination of machines, artifacts, procedures, and systems used to gather, store, analyze, and disseminate information for translating it into knowledge.

---

Definitions:

Human Capital

A collection of proficiencies, knowledge, or invisible assets owned by individuals that can be leveraged to bring about economic prosperity for themselves, their work environments, or their community.

Compensating Differential

A difference in wages that compensates workers for undesirable aspects of a job, such as hazardous working conditions or undesirable hours.

Labor Supplied

The sum of hours employees are ready and available to work for a specified pay rate.

Skilled Labor

Workers who have obtained specialized training, education, knowledge, and abilities to perform specific tasks.