An Understanding of the Best Ways to Produce Goods and Services

question 174

Multiple Choice

An understanding of the best ways to produce goods and services is called

• A)human capital.
• B)physical capital.
• C)technology.
• D)productivity.

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Definitions:

Training And Development Activities

Programs and initiatives aimed at improving employees' skills and knowledge for their current roles and future career advancement.

Employers

Organizations or individuals who hire and pay employees for their service or labor.

Employees' Needs

The requirements or conditions necessary for employee satisfaction and efficiency in the workplace, such as recognition, compensation, and work-life balance.

Socialization Process

The method through which new employees acquire the necessary knowledge, skills, and behaviors to become effective members of an organization.