Labor Productivity Can Be Increased If

question 24

Multiple Choice

Labor productivity can be increased if

• A) people spend less time developing skills before entering the workforce.
• B) the government mandates it.
• C) there is an increase in capital goods.
• D) the standard of living declines.

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Definitions:

Web-based HR

Refers to the use of online platforms and tools for managing human resources processes and activities, offering accessibility and efficiency improvements.

Replacement Planning

A component of succession planning focusing on identifying immediate backup candidates for key positions to ensure minimal disruption in case of sudden vacancies.

Operational Efficiency

Refers to the ability of an organization to deliver products or services to its customers in the most cost-effective manner while maintaining high-quality standards.

Transactional Activities

Business processes that involve exchanges or transactions between parties, such as sales, purchases, and payments.