Identify Whether the Following Measures Are Labor or Capital Saving

question 138

Essay

Identify whether the following measures are labor or capital saving.
(A)A bookstore installs a system whereby customers can scan their book purchases and pay by credit card.An employee by the door verifies that customers have paid for their books.
(B)An accounting agency does some restructuring,which means that half of its work force can work out of their homes.
(C)A firm that used to operate two production facilities consolidates the two operations by running the production facility 24 hours a day instead of 12.

Appreciate the impacts of procurement strategies, such as supplier diversification, on procurement costs.

Grasp the concept of landed costs and their relevance to procurement.

Recognize the value and risk associated with different types of procurement items (commodities, generics, criticals, distinctives).

Understand the different types of e-commerce sites and their characteristics.

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Definitions:

Dual-Process Theory

A cognitive psychology theory that proposes there are two distinct systems for processing information: a fast, automatic, intuitive system, and a slower, more analytical, deliberate system.

Social Identity Theory

A psychological theory that explains how individuals categorize themselves and others into groups, influencing their sense of self and their interactions with others.

Political Party

An organized group of people with at least roughly similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Role Theory

A theoretical perspective based on the premise that a substantial portion of observable, day-to-day social behavior is simply persons carrying out role expectations.